Six ways to raise your credit score

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June 23, 2025

6 min read

When you apply to take out a loan or a credit card, having a high credit score can help you qualify for better interest rates, higher credit limits, and other favorable conditions. If you have a low credit score, you may be wondering how you can raise your credit score fast. While it isn’t possible to raise your credit score overnight, there are ways to increase it within a few months.

Here’s what we’re going to cover:

Boosting your credit score quickly
Six ways to increase your credit score
How long does it take to improve your credit score?
Oportun: Affordable lending options designed with you in mind

Key takeaways

Your credit score is based on the information in your credit reports. These reports are usually updated every 30 to 45 days.
You may be able to raise your credit score by becoming an authorized user, disputing errors on your credit report, reducing your credit utilization rate, reporting your rent and utility payments to the credit bureaus, or taking out a credit-builder loan.

How your credit score works

Your credit score is a number representing your creditworthiness that reflects how likely you are to repay borrowed money. It ranges from 300 to 850, with higher scores indicating better credit health. Your score is calculated based on factors like your payment history (whether you’ve paid past debts on time), the amounts you owe (your credit utilization ratio), your credit history length, the types of credit you use (such as credit cards, mortgages, and loans), and recent credit inquiries.

Lenders and other financial institutions use a credit score to assess an individual’s riskiness, which influences their ability to get approval for loans, credit cards, and favorable interest rates. Monitoring your score can help you maintain or improve your financial standing.

Boosting your credit score quickly

Your credit score is calculated using the information in your credit reports, which are usually updated once a month. It may take up to 45 days for your credit reports and credit score to reflect positive changes in your credit activity.

What’s the difference between credit history, credit report, and credit score?

Simply put:

Credit history – The details of your past and present credit use
Credit report – A written or digital record containing this information
Credit score – A three-digit number based on this information

Six ways to increase your credit score

Even if you can’t increase your credit score overnight, there are ways to give it a quick boost. Here are six strategies you may want to try.

1. Become an authorized user

One easy way to increase your credit score is to become an authorized user on someone else’s credit card account. Ideally, you want to ask a family member or close friend with a high credit score whether they will add your name to their account. As an authorized user, you’ll get to have this person’s on-time payments listed on your own credit report. This can improve your credit score quickly.

2. Check for errors on your credit report

Lenders and credit bureaus sometimes make mistakes. In fact, it’s estimated that as many as one-third of U.S. consumers have errors on their credit reports. If this is the case for you, an error could be bringing down your credit score.

You can check your credit reports by requesting free copies once every 12 months on AnnualCreditReport.com. If you find inaccurate information, you can take these steps to have it removed:

Dispute the error with the credit bureau, either online or by mail
Provide documentation to support your claim
Allow the credit bureau to investigate

Credit bureaus are required to address disputes within 30 days. If they find that your claim is correct, they will remove the error.

3. Pay down your credit card balances to 30% or less

You already know how important it is to pay your credit card bills on time every month. Even a single late payment can lower your credit score. But did you know that carrying a large balance on a credit card can also be bad for your credit?

That’s because of something called the credit utilization rate. This number compares how much credit you’re currently using to your total credit limit. For example, if you have a $1,000 credit limit and a $500 credit card balance, your credit utilization rate will be 50 percent.

To earn a high credit score, it helps to maintain a credit utilization rate of 30 percent or less. Paying down your credit card balances can help you reach this goal.

4. Request a higher credit limit

Another approach to boost your credit score is to ask your credit card company to raise your credit limit. A higher credit limit will give you a lower credit utilization rate, even if your credit balances remain the same.

For example, suppose your credit card company agrees to increase your credit limit from $1,000 to $1,500. If you keep the same $500 balance, your credit utilization rate on this card will drop from 50 percent to 33 percent.

5. Report your rent and utility payments

Payment history is the single most important factor in your credit score. Most lenders report your payments to the credit bureaus automatically, but landlords and utility companies generally don’t. If you always make your rent and utility payments on time, having them added to your credit report can improve your credit score.

There are several simple ways to do this. You can ask your landlord or utility company to report your payments directly to the credit bureaus. Or you could enroll in Experian Boost, a free service that connects your bank account to your Experian credit report. There are other companies that will report your rent and utility payments to the credit bureaus, but most charge a fee for this service.

6. Apply for a credit-builder loan

If you’ve only used credit cards so far, taking out a loan may help your credit score. That’s because lenders like to see that you can handle different kinds of credit accounts.

With a credit-builder loan, you give your lender a security deposit for the same amount as the loan. These loans are easier to qualify for than standard loans because you’re borrowing your own money. Credit-builder loans offer two advantages: The loan may diversify your credit mix by adding another type of account. And you can use the loan to establish a credit history of regular, on-time payments. Both these things can increase your credit score.

How long does it take to improve your credit score?

The amount of time it may take to improve your credit score can vary widely depending on your current score and the actions you take to boost it. While some positive changes can be seen relatively quickly, substantial and sustained improvements may require at least six months to a year of consistent, positive financial behavior.

Oportun: Affordable lending options designed with you in mind

Now that you understand how to boost your credit score, you can learn about how Oportun may be able to help you if you’re looking for affordable credit options. Visit our homepage to learn about: