3 Ways to Quickly Raise Your Credit Score

3 Ways to Quickly Raise Your Credit Score

Your three-digit credit score is one of your most important financial numbers because it determines both whether you can borrow, and how much borrowing will cost you. The costs of bad credit could total a quarter million dollars or more over your lifetime, depending upon how much you borrow on credit cards, or for cars or homes. Paying a higher interest rate on everything you buy makes it a lot harder to get ahead, so if your credit score dips below around 700, you'll want to take action to improve it. 

Since your credit score is determined by factors like the age of your credit and your history of on-time payments, raising it is often a long slog. But if you want to boost your score quickly, there are a few things you can try. Here are three of them.

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Source: Fool.com