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LairaPlus Loan App

Free

In Nigeria    V1.0.1.2

5.0 (1 million +)

Security Status

in Nigeria

LairaPlus APP

Best loan app

in Nigeria

Free

In Nigeria   V1.0.1.2

5.0 (1 million +)

Security Status

How can you increase your credit score by 100 points?

Increasing your credit score by 100 points is a significant goal that can take time and consistent effort. While there are no guaranteed methods, here are steps you can take to work toward raising your credit score by 100 points:

  1. Check Your Credit Report: Start by obtaining a free copy of your credit report from all three major credit bureaus (Equifax, Experian, and TransUnion). Review these reports for errors, inaccuracies, or any fraudulent accounts.

  2. Pay Your Bills on Time: Payment history is one of the most critical factors in your credit score. Make sure all your bills, including credit cards, loans, and utility payments, are paid on time. Set up reminders or automatic payments to avoid missing due dates.

  3. Reduce Credit Card Balances: High credit card balances can negatively impact your credit utilization ratio. Aim to keep your credit card balances below 30% of your credit limit, or ideally lower if possible.

  4. Don’t Close Old Accounts: The length of your credit history matters. Keep older credit accounts open, even if you don’t use them regularly. The longer your accounts are open, the better for your score.

    LairaPlus Loan App

    Free

    In Nigeria    V1.0.1.2

    5.0 (1 million +)

    Security Status

    for Android

  5. Diversify Your Credit Mix: A well-rounded credit mix, including credit cards, installment loans (e.g., car loans or personal loans), and retail accounts, can positively influence your credit score. However, don’t open new accounts solely for this purpose.

  6. Address Negative Items: If there are negative items on your credit report (e.g., late payments, collections, or charge-offs), work on resolving them. You can negotiate with creditors, pay off or settle debts, and request goodwill adjustments.

  7. Limit New Credit Inquiries: Each hard inquiry from a potential lender can slightly lower your score. Minimize applying for new credit unless it’s necessary.

  8. Become an Authorized User: If you have a trusted family member or friend with a well-managed credit card, consider becoming an authorized user on their account. This can help you benefit from their positive credit history.

  9. Use Experian Boost or UltraFICO: Experian Boost and UltraFICO are services that allow you to include additional payment data, such as utility and telecom bills, in your credit report to potentially boost your score.

  10. Be Patient: Improving your credit score takes time. Continue practicing responsible financial habits and monitor your progress regularly.

Remember that improving your credit score is a gradual process, and the rate of improvement may vary depending on your individual circumstances. It’s essential to be diligent and patient as you work toward your goal of increasing your credit score by 100 points.

LairaPlus Loan App

Free

In Nigeria   V1.0.1.2

5.0 (1 million +)

Security Status

in Nigeria

LairaPlus APP

Best loan app

in Nigeria

Free

In Nigeria   V1.0.1.2

5.0 (1 million +)

Security Status

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