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Three Things You Can Do To Improve Your Credit Score

Author: Scott Burleigh

Three things you can do to improve your credit score

Credit card debt is something that sits on the shoulders of most Americans. According to, the average credit card debt in an American household is $15, 799. Those with a poor credit score can have have a difficult time making important purchases such as buying a car or a house, and it can be difficult to build a score back up once it has been lowered.

If you have found yourself in this situation, don't lose hope just yet. There are multiple steps you can take to improve your credit score over time and eventually eradicate your poor credit standing. Here are a few suggestions to improve you credit score so that you can make the purchases that are most important in life.

1. Be responsible with your installment loans - Installment loans are most all forms of debt besides credit cards, such as student loans and personal loans. CNN Money explains that you can improve you credit score by making timely payments on these bills. If you do not have an installment loan, consider getting a small one that you can pay back over time.

2. Pay down your credit cards - If you have more than one credit card, consider paying off the one that is either closest to its credit limit or the one with the highest interest rates. Paying off between 70 and 90 percent of card balances should be your goal, according to CNN Money.

3. Only use your credit card for necessary purchases - Once you get your cards paid down, only use them for items that are in your budget anyway, such as gas and groceries. This way you will have the money to pay off any debt that builds up over the month. 

In Brief

  • Credit card debt is something that sits on the shoulders of most Americans.

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