Improving your credit score quickly: Take these actions right now
Improving your credit score doesn't happen overnight, but there are a bunch of actions you can take right now to give your score a bit of a boost in the future. Start with:
- Paying your bills on time
- Lowering your limits on any credit cards
- Stop applying for new credit
Rest assured, we'll guide you through these actions in this article.
I would like something cleared on my credit report that has been paid out as this is affecting my credit rating
How long does a credit card application stay on you report?
Hi Geoffrey,
Thanks for contacting Finder.
Credit inquiries which are applications for a credit card, loan, or any credit assistance will stay on your report for up to 5 years. You may read our credit file guide to know more about the listings on your credit report and for how long with they stay there.
I hope this helps.
Cheers,
Ash
Hi, I have checked my credit history and it’s too bad. I got one negative off Vodafone bills of $800 approximately. I paid that amount before 6 months ago. And it also shows many credit cards and personal loans applied. I don’t have any deft to pay but still my credit history is too bad. Could you please suggest me how do I follow and the procedures to make my credit history excellent.
Hi there,
Thanks for getting in touch!
Sorry to hear about your credit score. It’s helpful to know that all credit accounts even if paid off, closed or not, stays on your file for a certain amount of time until it’s erased. You may refer to our credit file guide to see how long listings stays on your credit report. Generally, repairing or improving your credit score isn’t a quick and easy process. It may take a significant amount of time and require a long period of financial responsibility on your part.
You may find useful tips to improve your credit score.
Hope this helps and feel free to reach out to us again for further assistance.
Best,
Nikki
Hi! I’m wondering how badly would voluntary surrendering a vehicle on a loan affect my credit score rating. Can you repair the credit score rating once it’s been damaged by surrendering on the loan?
Hi Aaron,
Thanks for getting in touch with Finder. I hope all is well with you. 😃
Regarding your question, there’s no doubt that defaulting on your car loan or stopping payment would cause a dip in your credit score. How bad it is, I can’t tell for sure. However, the fact that you have a car loan default on your credit report would mean that you will have a hard time applying for any type of loan in the future.
Defaults may stay on your credit file for up to five years. If it is a legitimate record, then you won’t be able to remove that from your file directly. You need to wait for it to be removed.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
Hey. I’ve been trying for a few years now to improve my credit. I have no defaults but credit inquiries dating back 5 years and I keep making the mistake of applying for low interest cards that pop up and would save me money. However denied instantly. My credit was around 690 now dropped back to around 650.
I’m never late for my repayments and have a $30k personal loan active and a $7500 CC. Both have around 27k and $500 owing.
Can you give any tips on how I could improve either my finances or credit score.
Hi Steven,
Thanks for reaching out!
I understand it’s quite challenging to have a lower credit score. Your credit score is not the only factor that banks review when applying. There are other things that go through an application and though we don’t have any idea how the bank assessed your application, you may want to check our guide on why credit card application could be rejected. Oftentimes, they look at your payables on a monthly basis and if you can make payments timely so if you have a loan and another credit card with a high limit – that influences their decision to approve you or not. Hope this helps!
Best,
Nikki