Michael Mahoney - Realtor with Century 21 American Properties
Michael Mahoney

7 Steps to Improve Your Credit Score

This week we have a great article on how to improve your credit score. Credit is one o

7 Steps to Improve Your Credit Score

  1. Make sure your credit reports are accurateThe first step to improving your credit score is checking your credit reports for errors. You can obtain all 3 reports (Experian, Trans Union, Equifax) for free at www.annualcreditreport.com
  2. Stay current with payments – Your credit score is basically a reflection of your ability to repay your debts responsibly. Creditors view an established history of timely payments as a good indicator that you will handle future debts in a timely manner.
  3. Be mindful of your credit card utilization rate – Credit utilization is one of the key factors that influence your score. This is the percentage of your credit limit you are accessing at a given time. Your ideal rate may vary depending on the scoring system used, but generally going over 30% revolving credit utilization can start bringing your score down.
  4. Leave old debts on your report – Having an account with a long history and a steady record of paying bills on time can keep a score from going down. In addition, your score can improve as future payments are made.
  5. Investigate consumer score-boosting programs – FICO, Experian, and Finicity have credit boost programs in different stages of development. Experian_Boost is currently up and running. Experian Boost is completely free and can increase your credit scores fast (within 24 hours) by using your own positive payment history.
  6. Resolve any collections accountsContact the debt collector listed on your credit report to see if they’d be willing to stop reporting the debt in exchange for full payment. If you do not recognize a certain debt, or it appears inaccurate you can dispute it with the credit bureaus. You may be able to have it removed, which will improve your score quickly.
  7. Monitor your credit – Monitoring your score changes every few months can help you understand how well you’re managing your credit and whether you should make any changes. Many services are free such as www.creditkarma.com

Should you have additional questions feel free to contact Steven Burman at Credit Advisers LLC  Have questions answered directly by calling 781-400-9838 or e-mailing sburman@credit-advisers.com

Another great way to connect with Steven is on his Linkedin.com Page

2 Responses to “7 Steps to Improve Your Credit Score”

  1. April 16, 2019 at 3:34 pm, 6 Ways to Eliminate Debt by Steven Burman of Credit Advisers LLC | Boston Realty by Realtor Michael Mahoney of eXp said:

    […] 7 Steps to Improve Your Credit Score […]



I selected Mike after having a very unsuccessful experience with a previous broker. He had excellent ideas in helping to sell my house and continued to advertise it with a fresh perspective. His experience helped in a number of ways and I only wish we had... (more)


This is the second property I have sold in Weymouth MA with Mike as my broker. He research the area and give you all the information you need to decide what to list your property for, so it sells timely. He also helps review and negotiate all offers and is... (more)


We had been trying to sell our condo for well over a year and decided to give Mike a shot at it as he came well recommended. It was not easy for him but he persisted and had success. Even though it wasn't a big sale or profit for him, he acted as though it... (more)

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