SmartFinance Compass

How to Improve Your Credit Score in 30 Days Your credit score plays a major role in your financial life — from getting approved for loans to unlocking better interest rates. The good news? You can start improving it in just 30 days. 📌 What Affects Your Credit Score in Australia? Payment history: Late payments can significantly harm your score. Credit utilisation: Using too much of your credit limit impacts your score negatively. Number of inquiries: Too many credit applications can reduce your score. Credit mix: A good balance of credit types (credit cards, personal loans, etc.) is helpful. ✅ Step-by-Step Credit Score Improvement Plan Check Your Credit Report: Use free tools like Credit Savvy or Equifax to check your report. Dispute Any Errors: Inaccurate listings can be corrected to improve your score. Pay Off Overdue Accounts: Bring your accounts current immediately. Reduce Credit Utilisation: Aim for under 30% usage of your credit limits. ...

How to Improve Your Credit Score in 30 Days Your credit score affects everything from loan approvals to rental applications. The good news? You don't need a year to make progress. Here's how to give your score a real boost—in just 30 days. 1. Pay Down Your Credit Card Balances High utilization (using too much of your credit limit) is a major factor hurting your score. Try to pay down balances to under 30% of your limit—or lower if possible. 2. Dispute Any Errors on Your Credit Report Check your credit reports from AnnualCreditReport.com . If there are inaccurate accounts, late payments, or duplicates—file a dispute immediately. 3. Avoid Opening New Credit Accounts New credit inquiries can drop your score slightly. If you're trying to improve quickly, wait to apply for any new credit cards or loans. 4. Become an Authorized User Ask someone with good credit to add you to their credit card as an authorized user. Their on-time payment history ...