How to Increase Credit Score Immediately

When it comes to credit, there are many tricks that can help you on your road to credit recovery. There is one quick way to repair your credit that is guaranteed to increase your score at least 50 or more points in just one month. When I started repairing my own credit this was the very first tip that I tried, and my credit score increased 106 points in just one month with all 3 credit bureaus.

Having a friend or family member add you as an authorized user on a couple of credit cards is the fastest ways to increase your credit score. The reason why is that it increases the amount of available credit in the credit utilization category which is weighted at 30%. Credit cards fall under your revolving credit which has a high impact on your credit score.

It is very important that the person that you ask to do this is responsible when it comes to their credit. You don’t want to ask someone to do this who tends to max out their credit cards. As an authorized user on another’s credit cards just as you will inherit the good credit reporting you can also inherit the bad. If the credit card is maxed out you can easily drop down well over 100 points within a month. When using this strategy, you must be careful on who you chose.

Being added as an authorized user on another’s credit card also can improve your credit score immediately because you inherit the length of time the cards have been active. This attributes to about 10% of your credit score for the length of your credit history. If the cards have been opened for many years your credit history will date back that far.

In conclusion, if you have someone that is willing to add you as an authorized user it is one of the easiest ways to boost your credit score by 100 points or more. That will depend on the credit limit and the amount of money charged on the card. If it is less than 30% it will be a positive impact on your credit. If you have any comments or questions please feel free to comment below.

2 thoughts to “How to Increase Credit Score Immediately”

  1. thanks for the post Shwana.

    this idea hadn’t actually occurred to me in the past, because i too had some credit score issues and was looking for ways to improve it.

    i realised that i had to increase the amount of available credit i hadn’t used. but the thought didn’t occur that i could have someone else name me as a user on their card to help with the whole “available credit” issue.

    one thing i found which helped increase the credit score a lot, was simply having more money! even though this wasn’t a straightforward thing to have at the time.

    all the best with your site.

    sincerely,

    jerry

    1. Jerry,

      More money is a cure for a lot of ails! When I started on my journey to improve my credit score I didn’t have any extra money either.

      The authorized user strategy is the very first thing that I did to increase my credit score. My mother-in-law has perfect credit and she was more than willing to help me improve mine so she put me on 3 of her oldest credit cards. I inherited her credit history as well as the available credit on those cards. This was an immediate boost to my credit score.

      The amount of available credit has such a high impact on our credit scores, many people don’t know this. If you do ever have any questions feel free to ask me. You can always email me at shwana@yourcreditrestoredfast.com . Thanks for your comment! 

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