4. Increase Your Credit Limit
- Action: Request a credit limit increase from your current credit card issuers.
- Why: Increasing your credit limit can lower your credit utilization ratio, positively impacting your credit score.
- How: Contact your credit card issuer and request a limit increase. Make sure to maintain low balances to maximize the benefit.
5. Become an Authorized User
- Action: Ask a family member or friend with good credit to add you as an authorized user on their credit card account.
- Why: Being an authorized user allows you to benefit from their positive credit history, which can improve your credit score.
- How: Ensure the primary account holder has a good payment history and low credit utilization. Their positive behavior will reflect on your credit report.