How to Raise Your Credit Score 100 Points Overnight [2024] (2024)

Ready to raise your credit score?

Awesome!

This post contains 4 strategies that will help you raise your credit score by 100 points overnight.

Let’s get started!

Your FICOscore, which is the number most commonly used to measure your credit score, ranges from 300 (poor) to 850 (excellent).

If you want to find out your FICO score check out Annual Credit Report.com to get a free credit report.

There are multiple reasons.

A good credit score will help qualify you for a:

• Car loan
• Mortgage
• Apartment
• Business loan
• Lower your interest rate
• Favorable cell phone service
• Great credit card with favorable terms

Let me tell you that raising your credit score feels amazing and accomplished.

So, are you ready to raise your credit score?

Then check out my 4 strategies below!

Authorized User Defined:Becoming an authorized user essentially means assigning yourself as a user on someone else’s credit card.

Keep in mind, this tactic will only work if the account on which you are now seen as an authorized user is in good standing.

If the primary account holder misses payments or builds up a hefty debt balance, then your credit score can be hurt quite badly as well.

If you add yourself to the wrong person’s credit card account (ie – someone who doesn’t pay their bills on time) then the impact on your credit score could be detrimental.

On the contrary, if you are thinking of adding an authorized user to your credit card account, it’s important to point out that the primary account holder’s credit score will not be impacted.

This includes if the authorized user’s credit history is either incomplete or requires significant improvement.

You have the luxury of obtaining a free credit report from Annual Credit Report.com.

Take advantage of this annual free credit report to assess your current financial situation.

Once you receive your free credit report, it’s time to take a deeper look at the information on your report.

There are many categories to review. Some of these include:

• Your address
• Number of hard inquiries
• Number of open credit cards
• Number of open loans/mortgages
• How much you paid toward your outstanding loans

"It’s important to note that you don’t want to have too many hard inquiries on your credit score."

Typically, 6 hard inquiries are already too much and could lower your credit score.

As a reminder, hard inquiries are those made by potential lenders who are looking into your credit history to determine whether you’ll be approved for a loan or a credit card.

If you find there are any inconsistencies– such as too many hard inquiries, too many opened credit card accounts, etc. – it’s time to notify the credit reporting agencies as soon as possible.

This strategy is likely one of the easiest ways to raise your credit score fast.

If you are worried about not paying yourcredit card bills(or any other bills, for that matter) on time, start automating your payments.

"I’ve virtually automated everything in my life as it relates to paying my bills."

Everything is on auto-pay.

Not only does that save me time, but it also gives me peace of mind and it pays every bill on time – and without a second thought.

Pro Tip:If you have a larger outstanding credit card balance, for example, don’t just pay the required minimum credit card payment.

The goal here should be for you topay OFF your outstanding balanceso that you will have a $0 balance.

Not only will this save you a lot of money – since you won’t be paying interest on any outstanding debt – but it will also help raise your credit score.

Increasing your credit limit is another, easy way to raise your credit score virtually overnight.

The goal here is to decrease yourcredit utilization ratio.

Credit Utilization Ratio Defined:A credit utilization ratio is your current credit card balance divided by your total credit limit.

The lower your credit utilization ratio (30% or less – preferably 0%) the better.

One of the fastest methods for raising your credit score is by lowering your credit utilization ratio.

How do you lower your credit utilization ratio?

Simply by picking up the phone and calling your credit card company with a request to increase your credit limit.

Let’s say you have a current credit utilization ratio of 50%.

That means you have a total credit limit of $4,000 and you currently are running a balance of $2,000.

How do you lower your credit utilization ratio to 30% or less?

By increasing your credit limit (and paying off your outstanding balance).

Just make sure to not add to your existing credit card balance.

If you increase your credit limit just by $2,500 – so from $4,000 to $6,500 and maintain the same $2,000 balance, your new credit utilization ratio is now just about 30%.

The results?

• Increased credit score
• More favorable appearance to potential lenders

If used properly – this strategy of increasing your credit limit will make a positive impact on your credit score.

Closing Thoughts

Listen, I know that you might think raising your credit score is something you can put off for tomorrow.

Don’t.

Today is the best day to start building your tomorrow.

That’s why I think it’s time to start working toward raising your credit score by following my simple 4 steps that I just outlined for you.

After implementing my tips and checking your credit score, you will likely find relief in seeing that you have raised your credit score.

Think about the money that you will save just by proving you are a reliable individual, who pays their bills on time.Doors will be opened for you down the road.

My point is this: Don’t allow a simple financial hiccup to dictate your credit score.

You have the power to raise your credit score.

Your bank accounts will thank me later!