*Article contributed by Sarah Williams.
If your credit score is low, there are various ways to bring it up. You can even increase it to 100 points quickly, depending on several factors. Here are some strategies that you can try with the use of your credit cards:
Ask for a Higher Credit Limit
Whenever your credit limit increases but your balance remains, it will lower down your overall credit utilization. As such, it is best to call your credit card issuer. Call the companies to ask for the best credit card to build credit. Ask them if you can get a higher credit limit. Indeed, this will temporarily drop your score for a few points.
Make Frequent Payments
Making small frequent payments with your credit card can help you increase your credit score. This is called micropayments and it can keep your credit card balances down if you do the payment throughout the month. Consider your credit card as a debit card in which you must pay online the moment that you see that the purchase is posted.[Read more…]