How Can You Boost Your Credit Score?

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Tips to boost your credit score

First things first, let’s set something straight: there’s no magic cure to boost your credit score. If your score is lower than you’d like, it will take time and a commitment to its improvement to hit your target range. Typically, a “good” credit score is anywhere from 675-750 (anything above 750 is regarded as “excellent”). If you’re not at that level, consider following these few tips to boost your credit score:

 

Pay your bills on time.

One of the worst things for your credit score is a late payment; one of the best things for your credit score is an on-time payment.

 

Don’t open new lines of credit if you don’t need them.

Having a bunch of lines of credit is not necessarily a good thing and won’t guarantee a jump in your credit score. Paying down debt owed on pre-existing lines of credit will increase your score.

 

Protect your credit information from identity theft and fraud.

Remember: your credit score is just a number that represents your credit history, and you can’t rewrite your history in a day. The only way to truly improve your score is to dedicate yourself to paying bills on time and keeping your debt low over time.

 

Stay in touch with our blog for more car and financing tips and tricks to make sure you are prepared to buy or rent your next BMW.

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