Use These Tricks to Raise Your Credit Score

Raising your credit score can open doors to better financial opportunities, but figuring out how to improve credit score quickly can feel overwhelming. Luckily for you, we have some answers to help you get a quick credit score boost.

Here’s a breakdown of the top strategies you can start using today to boost your score and build a stronger financial future.

Top 5 Tricks To Raise Credit Score Fast

1. Negotiate Your Current Balances

Unfortunately, you can't make your past credit mistakes disappear. However, you can control how they affect your life now. The best way to do this is to negotiate credit card debt so you can settle it.

So, when you are wondering how to improve credit score, the first step to help raise credit score fast should be to negotiate your balances:

• Calling creditors
• Requesting a settlement on your account in writing
• Considering debt consolidation services to help lower payments and rates

You need to make sure that your negotiation doesn't just conclude verbally. You must request the amount in writing so that they can't accuse you of foul play later. Sometimes, it is best to hire a professional debt consolidator to help with this, but in some cases, you will be able to do it yourself.

2. Pay Your Balance To Improve Your Score

It isn't just about how much money you owe. That amount about how much credit you currently have is far more important. In the industry, this is called credit utilization.

Put it this way: if you have a $5,000 credit limit with a $2,500 balance, your credit utilization is 50%. However, if you have used up your entire credit limit, then your utilization is 100%. If your percentage is worryingly high, paying off your balances is a sure-fire way to lower it and increase your credit scores at the same time.

3. Pay Twice a Month

Whenever you put big purchases on your credit card or overdraft, you are undoubtedly going to experience a decrease in your credit score. So, paying twice a month can help boost it back up. Make one payment every couple of weeks before the report date, and then make your second one just before. This approach can enhance your credit report and improve your overall credit health.

4. Raise Your Credit Limits For A Quick Credit Score Boost

Another way to raise credit score fast, is to raise your credit limit on a few (or even just one) of your cards, if you can, and your credit utilization rate will go down. Thus, your credit score will increase. Don't do this if you are known to overspend frequently.

Remember, this will not work if you then go out and use your newfound limit. So, as one of your credit utilization tips, practice self-control! It’s important to maintain discipline and avoid overspending, to keep your credit utilization ratio at a healthy percentage.

5. Figure Out When Your Issuer Gives Payment History

Give your card issuer a quick phone call to learn when your balance is reported to the credit bureau. Generally, it will be the last day of your billing cycle, but you can never be too sure, so always check! As long as you pay off a part of your balance by this point, you should see a significant rise in your credit score in the following report, especially if you stick to paying on time. It's a win-win situation!

Bonus Tip: Emergency Loan Options in Wisconsin 

You didn't think we'd leave without giving you a bonus tip, when you are struggling to learn how to improve credit score, did you? In the state of Wisconsin, you can take out a title loan or an installment loan. These loan options are easy to get and not based on your credit reports, and can help when you’re in a pinch. Here’s how they work!

The Benefits of These Short-Term Loans

There are several benefits to these loans, but here are some of our favorites!

• For a title loan, you get to keep and operate your car as you normally would.
• You can have a great credit score, an average score, a terrible score, or even a non-existent one. Regardless of which loan type appeals to you, your credit score won’t matter.
• Applying is easy, thanks to our process that can be started online and completed in just 30 minutes.

Things You Can Use Your Loans For

You are probably using your title loan that you found by searching for "title loans near me" to raise your credit score in this instance. However, you are allowed to spend it on anything you can think of! The providers don't tend to ask you why you need the title loan, so have some fun with it (after ensuring all your bills are taken care of!).

How to Apply For Wisconsin Title Loans

You start by filling out an online form that involves you inputting your contact information and your vehicle information. Within minutes, a representative will call you to schedule a face-to-face meeting, during which you’ll be asked to provide some information that will help your representative determine how much money you’ll receive with Wisconsin title loans. You can receive up to $15,000!

How to Apply For Wisconsin Installment Loans

Similar to car title loans, you start by filling out a quick installment loan online form, after which you’ll receive a call from a representative who will go over the process with you and schedule a face-to-face meeting. With Wisconsin installment loans, you can receive up to $1,500! Raising your credit score takes time, and financial emergencies won’t always wait for you to find extra funds. When this happens, Wisconsin Auto Title Loans, Inc. has got you back. 

FAQ

Will paying off debt immediately improve my credit score?

No credit improvement is not immediate. It can take up to a few months to reflect the change in your score. The actual timeframe will be a direct result of when the creditor reports the payoff to credit bureaus, like FICO and Experian, and how fast they update their data.

Can I qualify for a title loan with a low credit score?

Absolutely! Good credit, bad credit, or no credit. For most title loan amounts, any credit is welcome. Wisconsin Auto Title Loans, Inc. is committed to helping you get the cash you need.

Get Started On Your Loan Today!

Improving your credit score takes time and effort, but the rewards are worth it. Start implementing these tips today, and remember, if you need quick cash in Wisconsin, we're here to help. Apply for a title or installment loan now to cover those urgent expenses.

To get started, simply complete and submit the online inquiry form on our website to receive a call soon after! 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.