Sunday, July 6, 2025
  • About
  • Write for us
  • Contact
Today News
  • Business
  • Tech
    How to Use Chrome Developer Tools to Teach Math Logic

    How to Use Chrome Developer Tools to Teach Math Logic

    Cybersecurity & VPNs

    How Software, Cybersecurity & VPNs Can Save You Money on Flights – Featuring VPNLY

    Is AI making Lewis Carroll’s Wonderland Weirder?

    Is AI making Lewis Carroll’s Wonderland Weirder?

    Gbyte Recovery

    Gbyte Recovery Review: Can It Restore Deleted iPhone Contacts?

    How to Resolve “Restore Failed” Error in QuickBooks Desktop?

    How to Resolve “Restore Failed” Error in QuickBooks Desktop?

    The Future of Business Transactions: Leveraging Electronic Data Interchange (EDI)

    The Future of Business Transactions: Leveraging Electronic Data Interchange (EDI)

    Tech Trends That Are Reshaping the British Economy in 2025

    Tech Trends That Are Reshaping the British Economy in 2025

    Revolutionary Haptic Technology Transforms Gaming Experience

    Revolutionary Haptic Technology Transforms Gaming Experience

    Gravitational Training Systems: Revolutionary Physics in Sports Science

    Gravitational Training Systems: Revolutionary Physics in Sports Science

  • Consumer
    Craving Connection: Why Food Gifting Is the New Love Language

    Craving Connection: Why Food Gifting Is the New Love Language

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to adjust glasses at home – a step-by-step guide!

    How to adjust glasses at home – a step-by-step guide!

    Why quality toilet cubicle hardware matters

    Why quality toilet cubicle hardware matters

    Common Mistakes in KYC Identity Verification

    Common Mistakes in KYC Identity Verification

    Consumer habits

    British Furniture Market Sees Significant Changes in Consumer Preferences

    Why are high-street bookmakers declining in the UK?

    Why are high-street bookmakers declining in the UK?

    Straps for smartwatches: The Complete guide

    Straps for smartwatches: The Complete guide

    High street retailers are at a “crossroads”, says retail tycoon

    High street retailers are at a “crossroads”, says retail tycoon

  • Finance
    P2P Payments in E-commerce – The New Standard for User-to-User Transactions

    P2P Payments in E-commerce – The New Standard for User-to-User Transactions

    How to Use Real-Time Gold Charts for Better Trading Decisions

    How to Use Real-Time Gold Charts for Better Trading Decisions

    Rejoining Europe: What could it mean for the British economy?

    Rejoining Europe: What could it mean for the British economy?

    Understanding Finance and Why It Matters in Everyday Life

    Understanding Finance and Why It Matters in Everyday Life

    A Simple Guide to Buying Bitcoin for First-Time Investors

    A Simple Guide to Buying Bitcoin for First-Time Investors

    VPS Low Latency: Why It’s Important for Forex Traders

    VPS Low Latency: Why It’s Important for Forex Traders

    How AI Is Reshaping Financial Advising

    How AI Is Reshaping Financial Advising

    How Geopolitical Tensions Affect Forex Trading

    How Geopolitical Tensions Affect Forex Trading

    Steel Prices

    Where Steel Prices Have Been Headed: A Six-Month Look at Global Trends

  • Environment
    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Environmental Benefits

    What Are The Environmental Benefits Of Choosing Eco-friendly Rubbish Removal In Croydon?

    Why You Should Hire Waste collectors for efficient waste removal

    Why You Should Hire Waste collectors for efficient waste removal

    Choosing the Right Floating Dock Platform for Your Aquaculture Cages

    Choosing the Right Floating Dock Platform for Your Aquaculture Cages

  • Property
    Stay safe at home: The benefits of intruder alarms in St Helens

    Stay safe at home: The benefits of intruder alarms in St Helens

    Enhancing your home projects with essential hardware selection tips

    Enhancing your home projects with essential hardware selection tips

    5 Best Lifetime Mortgage Providers in the UK

    5 Best Lifetime Mortgage Providers in the UK

    Top 10 Sell House Fast Companies in the UK

    Top 10 Sell House Fast Companies in the UK

    Efficient storage solutions for stress-free home renovations

    Efficient storage solutions for stress-free home renovations

    Chelsea Residences – Exclusive Living in Dubai’s Prime Location

    Chelsea Residences – Exclusive Living in Dubai’s Prime Location

    Insights and Opportunities For Exploring the London Property Market

    Insights and Opportunities For Exploring the London Property Market

    How to Choose the Right Moving Service for Your Needs

    How to Choose the Right Moving Service for Your Needs

    What Should You Do Before Moving House to Avoid Last-Minute Stress?

    What Should You Do Before Moving House to Avoid Last-Minute Stress?

  • eCommerce
    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    The Importance of Digital Valuations for UK Ecommerce Brands

    The Importance of Digital Valuations for UK Ecommerce Brands

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    Amazon Expert

    Amazon Expert: Key Qualifications to Look For

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Personalized Shopping: How Technology is Transforming Retail

    Personalized Shopping: How Technology is Transforming Retail

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    Magento Web Development Company: Unlocking the Power of E-Commerce

    Magento Web Development Company: Unlocking the Power of E-Commerce

No Result
View All Result
Today News
Home Finance

Boost Your Credit Score with These 5 Surefire Tips

David Prior by David Prior
August 18, 2022
Reading Time: 4 mins read
Boost Your Credit Score with These 5 Surefire Tips
434
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

We need a good credit score to build a reliable financial future. Without it, it will be hard to qualify for credit cards, loans, and other favorable terms and interest rates. 

Even if you have no plans to apply for financing, having good credit can help you save money in other ways, such as having a lower monthly insurance premium. 

Related posts

P2P Payments in E-commerce – The New Standard for User-to-User Transactions

P2P Payments in E-commerce – The New Standard for User-to-User Transactions

July 4, 2025
23
How to Use Real-Time Gold Charts for Better Trading Decisions

How to Use Real-Time Gold Charts for Better Trading Decisions

July 2, 2025
448

How Your Credit Score Is Calculated

There are two most popular credit scoring models in the US – FICO and VantageScore. About 90 percent of the lenders use FICO for credit decisions.

Lenders, such as CreditNinja, use your credit score to determine the risks of lending money when you apply for a credit card or a loan. Calculating your credit score involves a complex software program regardless of its type. The scoring model also assesses the details generated from your credit report.

Here are the things that can affect your credit score:

  • If you have late payments;
  • Your experience with a variety of account types (installment credit, revolving credit, etc.);
  • The ratio between your credit card limit and existing balances;
  • The number of times you applied for any type of debt in the past 12 months;
  • The number of years since you opened your first credit account (this determines the average age of your accounts). 

Improving Your Credit Score

If you have a poor credit score, the steps to boost it will depend on your situation. However, these tips can help improve almost anyone’s credit. 

Build Your Credit File

The first step in building your credit file is to open new accounts that will be relayed to the major credit bureaus. Once you do this, you can start creating a good track record of your credit transactions. It will also help if you have several active and open accounts.

It may include secured cards or credit-builder loans if you are just starting or have a bad credit score. You can also opt to get a rewards credit card that doesn’t charge an annual fee if you’re doing your best to boost an established good credit score. Being an authorized user on another individual’s credit card can also help improve your credit only if they use the card responsibly.

Pay On Time

Your payment history plays a huge part in building your credit score. Having a long history of making on-time payments is a great way to achieve a good credit score. To reach this goal, you’ll have to remember not to miss any loan or credit card payments because late payments are reported to the major credit bureaus and will lower your credit score.

A technique worth considering when it comes to on-time payments is to avail of an automatic payment system. It will help avoid missing or delaying your debt payments. In case you are struggling to make payments, it’s also recommended to contact your lender.

Generally, not keeping your subscription services, gym memberships, and the like up to date doesn’t affect your credit score. However, being sent to collections due to non-payment will negatively affect it.

Keep Your Accounts Current

If you think you’re behind your bill payments, do your best to keep them current. A late payment can stay on your credit report for several years. However, keeping your accounts current can help save your credit score. 

Pay Off Revolving Debt

Revolving debt includes lines of credit and credit cards. Remember that a high balance on your revolving credit accounts can result in a high credit utilization rate and a lower credit score. Those with excellent credit scores tend to have a low credit utilization ratio (the ratio between your credit and total debt). 

Limit Getting New Accounts

Try to limit how often you present your credit applications. Your application might lead to a hard inquiry, hurting your credit score. Opening too many accounts can also decrease your other accounts’ average age and lower your credit score. 

To Wrap It Up

Your credit score is one of the vital records a lender looks at when you borrow money. It can also help determine whether you can get a loan or credit card with the best terms and interest rates. The credit score calculation is based on several factors that show how risky you are as a borrower. So, it’s best to work on your credit score and maintain good credit standing to gain its benefits.

David Prior

David Prior is the editor of Today News, responsible for the overall editorial strategy. He is an NCTJ-qualified journalist with over 20 years’ experience, and is also editor of the award-winning hyperlocal news title Altrincham Today. His LinkedIn profile is here.

Previous Post

Top 5 Reasons to Open Up Your Relationship

Next Post

Ideas for a Modern Kitchen

Related Posts

P2P Payments in E-commerce – The New Standard for User-to-User Transactions
Finance

P2P Payments in E-commerce – The New Standard for User-to-User Transactions

July 4, 2025
23
How to Use Real-Time Gold Charts for Better Trading Decisions
Finance

How to Use Real-Time Gold Charts for Better Trading Decisions

July 2, 2025
448
Rejoining Europe: What could it mean for the British economy?
Finance

Rejoining Europe: What could it mean for the British economy?

July 1, 2025
438
Understanding Finance and Why It Matters in Everyday Life
Finance

Understanding Finance and Why It Matters in Everyday Life

June 25, 2025
42
A Simple Guide to Buying Bitcoin for First-Time Investors
Finance

A Simple Guide to Buying Bitcoin for First-Time Investors

June 25, 2025
479
VPS Low Latency: Why It’s Important for Forex Traders
Finance

VPS Low Latency: Why It’s Important for Forex Traders

June 25, 2025
383
Next Post
Ideas for a Modern Kitchen

Ideas for a Modern Kitchen

RECOMMENDED NEWS

Breaking Down the Hiring Process for Pharmacy Technicians

Breaking Down the Hiring Process for Pharmacy Technicians

1 year ago
489
Unlock Seamless Connectivity with a Mobile Signal Booster for Uninterrupted Communication

Unlock Seamless Connectivity with a Mobile Signal Booster for Uninterrupted Communication

6 months ago
416
What Are Some Of The Cryptocurrency Predictions Of 2023

What Are Some Of The Cryptocurrency Predictions Of 2023

3 years ago
528
Radiotherapy in Germany

Radiotherapy in Germany

2 years ago
491

BROWSE BY CATEGORIES

  • Business
  • Careers
  • Charity
  • Consumer
  • Culture
  • eCommerce
  • Education
  • Energy
  • Engineering
  • Entertainment
  • Entrepreneurs
  • Environment
  • Fashion
  • Finance
  • Food & Drink
  • Gaming
  • Gardening
  • Health
  • Insurance
  • Interiors
  • Legal
  • Leisure
  • Lifestyle
  • Manufacturing
  • Marketing
  • National
  • News
  • Opinion
  • Pets
  • Politics
  • Property
  • Sales
  • Sport
  • Sports
  • Tech
  • Transport
  • Travel
  • Uncategorized

BROWSE BY TOPICS

Agency AI autosmart banking Beauty business Christmas construction cyber security data digital Digital Marketing Services ecommerce entertainmnet finance fitness health inflation insurance kitchen KYND lifestyle manchester music News north overseas Personal Injury Pharmaceutical Industry property Real Estate recruitment Sir Michael Morpurgo Skincare sports technology The Victoria Quarter tourism travel UK vehicles Warkworth village watch workspace yorkshire

Latest news

P2P Payments in E-commerce – The New Standard for User-to-User Transactions

P2P Payments in E-commerce – The New Standard for User-to-User Transactions

July 4, 2025
Stay safe at home: The benefits of intruder alarms in St Helens

Stay safe at home: The benefits of intruder alarms in St Helens

July 4, 2025
Corner Desks

Corner Desks with Storage: A Smart Choice for Any Office

July 4, 2025
Pakistani Actors Are Going Global

From TV to Netflix: How the Highest Paid Pakistani Actors Are Going Global

July 4, 2025
Weak Foundation

What Are the Most Effective Methods to Strengthen a Weak Foundation?

July 4, 2025
From Soups to Roasts: Mastering a Different Way to Prepare Meals

From Soups to Roasts: Mastering a Different Way to Prepare Meals

July 4, 2025
How to Launch a Successful VR Business: Opportunities and Trends

How to Launch a Successful VR Business: Opportunities and Trends

July 4, 2025
Branded Merchandise in the UK: Discover the Top Company for Custom Corporate Gear

Branded Merchandise in the UK: Discover the Top Company for Custom Corporate Gear

July 4, 2025
How to Choose the Right Remodeling Contractor in San Antonio, TX

How to Choose the Right Remodeling Contractor in San Antonio, TX

July 3, 2025
Easy Guide to Choosing a Chartered Accountant Firm in London

Easy Guide to Choosing a Chartered Accountant Firm in London

July 3, 2025

Today News

  • About
  • Write for us
  • Contact
  • Privacy Policy

@2024 Rooftree Publishing Ltd

Today News in association with Kajino.com

Sign up for our newsletter




  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce

Recent News

P2P Payments in E-commerce – The New Standard for User-to-User Transactions

P2P Payments in E-commerce – The New Standard for User-to-User Transactions

July 4, 2025
Stay safe at home: The benefits of intruder alarms in St Helens

Stay safe at home: The benefits of intruder alarms in St Helens

July 4, 2025
No Result
View All Result
  • Home
  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce
  • Write for us
  • About
  • Contact