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5 Steps To Improve Your Credit Score

Here Are 5 Simple Steps You Can Take To Improve Your Credit Score!


  1. Pay Bills on Time: Late payments can have a negative impact on your credit score, so it’s important to pay bills on time every month. If necessary set up direct depositing or reminders, that way you are less likely to miss a payment. 

  2. Reduce Credit Card Balances: High credit card balances relative to credit limits can lower your credit score, so try to keep balances low.

  3. Limit New Credit Applications: Each time you apply for credit, it shows up as a “hard inquiry” on your credit report, which can temporarily lower your credit score. Limit new credit applications to only when necessary. Here at Rpm Finance we run soft credit checks so your score isn’t affected. 

  4. Dispute Errors on Your Credit Report: Check your credit report regularly for errors and dispute any inaccuracies with the credit bureau.

  5. Be Patient: Improving your credit score takes time, so be patient and consistent with your credit habits.

It’s important to keep in mind that credit scores are just one factor that lenders consider when evaluating credit applications. Your credit history, income, and other financial obligations are also considered.  

Not sure what your credit score is ? Contact us at Rpm Finance on 1300 209 496, and we’ll give you a free credit check and be able to let you know how much you’d be able to borrow with your current score. 

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