Raise Credit Score – Avoiding Common Credit Mistakes


Your credit score is an important factor when it comes to financial decisions such as renting an apartment, buying a car, or getting a loan. Having a high credit score not only opens the door to these opportunities, but it also helps you secure better interest rates and terms.

Common Credit Mistakes

Here are some common credit mistakes to avoid if you want to raise your credit score:

  • Missing Payments: Consistently missing payments on your credit card or loans can have a negative impact on your credit score. Setting up automatic payments or reminders can help you avoid missing payments.
  • Maxing Out Credit Cards: Utilizing too much of your available credit can also harm your credit score. It is recommended to use no more than 30% of your credit limit.
  • Closing Old Credit Card Accounts: Closing old credit card accounts can decrease your overall credit limit and shorten your credit history, both of which can lower your credit score.
  • Applying for Too Many Credit Cards: Applying for multiple credit cards in a short period of time can make you seem like a high-risk borrower and lower your credit score.
  • Being Unaware of Your Credit Report: It is important to regularly check your credit report for errors and identity theft. You can obtain a free copy of your credit report once a year from each of the three major credit bureaus.

How to Raise Your Credit Score

In addition to avoiding common credit mistakes, there are several steps you can take to raise your credit score:

  • Pay Bills on Time: As mentioned earlier, missing payments can harm your credit score. Paying bills on time is a simple and effective way to boost your score.
  • Keep Credit Utilization Low: As mentioned earlier, using no more than 30% of your available credit can help boost your score.
  • Request a Credit Limit Increase: Requesting a credit limit increase can increase your available credit, making it easier to stay within the 30% utilization limit.
  • Keep Old Credit Card Accounts Open: Keeping old credit card accounts open can help lengthen your credit history and improve your credit score.
  • Monitor Your Credit Report Regularly: Keeping an eye on your credit report for errors and fraud can help you catch and correct any mistakes before they harm your credit score.


Raising your credit score takes time and effort, but it is worth it in the long run. Avoiding common credit mistakes and following the steps outlined above can help you achieve a higher credit score, leading to better financial opportunities and more favorable terms.

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