Best ways to boost your credit score fast

1. We build ALife After Debt Technologyto knock out debtand build credit. June 2022.

2. Best ways to boost your credit score fast When managed responsibly, good credit can open doors and expand opportunities. • If you can, start earlyThe sooner you start using credit - and can demonstrate how to use it responsibly - the quicker you can build a healthy credit score. • Practice good behavior Good credit behavior starts with making monthly payments on time and in full whenever possible. • Your behavior can impact your credit score, which can determine your access to credit and your credit limit in the future. • Let’s look at a few ways to avoid negatively impacting your credit score. 1 2 Bright Journey and Products 3 4

3. Use no more than 30% | Use different types of credit • Most experts recommend using no more than 30% of your available credit at any given time. Keeping it below 30% signals to future creditors that you’re a responsible borrower. • Using different kinds of credit shows responsibility and maturity too. As your credit use expands, and if you have more options • Credit cards are commonly structured as “revolving credit” - a line of credit you can borrow from freely but that’s capped with a limit. • All of the above are included in your credit utilization rate, and good management of each can build excellent credit. 1 2 3 4

4. Be careful when applying for more • The industry term for a credit application is a "hard inquiry," and when you apply for a new credit card frequently or even request a credit limit increase. • They believe it shows you’re unable to manage the credit card debt

5. Be careful when applying for more • Keep credit open The longer you manage a credit account responsibly, the more confidence you instil in potential creditors. • Pay down your debtWe’ve talked about using no more than 30% of your debt. Paying off your debt in full is even better. It also lowers your debt burden, minimizing interest fees and improving your utilization ratio. • Be strategic As you budget for your household, include the debt you’re carrying and the credit available to you. 1 2 3

6. Be careful when applying for more • Monitor your scoreSome banks and credit card companies offer free credit score access. (Most come with assurances the credit checks won’t negatively impact your score.) • Look for errors or unexpected activity. Study your history, track your progress and see what you can do differently to boost your score. 4 5

7. Use Bright to build your credit fast • Bright can help, too. Download the Bright app, connect your accounts, and with your personalized Bright Plan, start enjoying on-time payments automatically. • It’s one of the best ways to boost your credit score, and your Bright Plan finds ways to save you money too. • To really focus on raising your credit score, add the Bright Credit Builderand get a new line of credit with on-time payments built in. 1 2 3

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