What can I do to improve my credit score?

You may be wondering what you can do to improve your credit score.

Improving your credit score can take a long time, so patience is key. The best way to improve your credit score is simple, make payments on time each month and consider paying at least double the minimum. If there is no prepayment penalty, then you may want to consider paying two payments a month to tackle the balance quicker. Make a strict budget to allow yourself to free up cash flow to pay down debt on loans and credit cards. Don’t open any new cards or take out any new loans (especially to pay off the debt, that’s just robbing Peter to pay Paul!) and avoid using cards you are paying off.