Simple Steps To Improve Your Credit Score

Understanding Credit Score

When you apply for a car loan, personal loan, mortgage or credit card, the lenders will want to know your past history of borrowing credit/ monetary in order to understand the risk that they’ll be taking by lending you money. The status of your credit is depending on how well you have been repaying your debts in the past, income level and many more.

Having a bad credit score can affect your financial leverage in terms of borrowing money from banks and being denied of a credit card application. However, having good credit gives you more options and you can get even better rates compared to the rest.

Credit reporting agencies collect an individual’s financial information, compile it into a credit report and, for a fee, make it available to the individual and to other authorized parties, including financial institutions such as banks. With Mobylize, you can have it for FREE. Download our app and get your credit report now.

Steps To Raise Credit Score

Now you have your credit report, it is good or bad? No matter how it may seems, you can always raise your credit score. Take control of your credit score today. Any rise in credit scores is good because it will help borrowers secure more favorable interest rates, better offers for financial products, and more. You can take control of your credit future by cleaning up past mistakes today.


Follow these steps and get have a better financial management:

  1. Pay your bills on time. Yes, this statement is true and your payment history will show how reliable you are. Write down payment deadlines for each bill in a planner or calendar and set up reminders online. Consistently paying your bills on time can raise your score within a few months.
  2. Pay more than once in a billing cycle. If you can afford this step, do it. Paying down your bills every two weeks rather than once a month. This lowers your credit utilization and will definitely improves your score.
  3. Being a bad defaulter. For example, if you are sharing a supplementary credit card, late repayment on your supplementary cards also affects your credit score.
  4. Have a steady job with consistent pay. Steady income will drastically improve your credit score. It also shows that you’d be less likely to miss loan repayment.


It takes time to to rebuild credit. Typically, it takes at least 3-6 months of good credit behavior to see a noticeable change in your credit score. It’s safe to say this can this specific time frame can make your credit report less negative. Be more responsible and discipline in your financial management and you’ll be doing alright in no time!