Improve Credit Score Fast: 10 Steps to Bring It to 700+

If your credit score is below 600, you’ll struggle to gain approval for any credit. You’ll likely find it difficult to rent an apartment, or get a credit card, or take out a loan. If you need to improve your credit score fast, we understand the struggle.

The good news? Your credit score doesn’t have to stay low. If you make responsible decisions about your credit and your payments, your credit score will quickly improve.

Want to improve your credit? Follow these ten steps, and your score will be 700 or higher before you know it.

1. Always make your payments on time

Maintaining a current, consistent pattern of payments on your bills is the biggest step you can take towards good credit. Your payment history accounts for a whopping 35% of your total FICO score. Nothing can raise – or lower – a FICO score more than the way you pay your bills.

2. Correct any errors on your credit report

If you aren’t already checking your credit report regularly, it’s time to start. The odds are good that there is at least one error. Even a seemingly small error, like a misspelled name, can result in your shaky credit conflated with someone else’s even worse credit.

You can request one free credit report a year from the three major bureaus: TransUnion, Equifax, and Experian. Get your credit report at, and check it for accuracy.

3. Pay off or settle outstanding bills

It’s true that if you wait long enough, many creditors will give up trying to collect what you owe. But that outstanding debt can tarnish your credit score for up to seven years.

If you have the money, you should contact your creditors to pay off any outstanding bills right away. Or if you’re late on a loan whose payments you can no longer afford, consider refinancing to get back on track.

Once you’ve paid off the bills in arrears, make sure your credit report reflects that fact.

Not sure how to settle your debts? SuperMoney can help.

4. Increase your monthly credit card payments

If you’re only making minimum payments on your credit card bills, you’re not doing yourself any favors. Ideally, you should pay off balances in full every month. If that’s not possible, try to generate extra income or savings elsewhere so that you can start boosting your monthly payments. After a few months, you’ll begin to see a real difference in your balances – and your FICO score.

5. Maintain a low ratio of debt to available credit

Your debt-to-total credit ratio determines 30% of your FICO score. Carrying a high ratio can tank your credit. By resisting the urge to max out your credit cards, you’ll lower your stress and raise your credit score.

6. Diversify your credit accounts

Having different types of credit can boost your FICO score. Already have a credit card? Try to obtain an installment loan. If you don’t qualify for an unsecured loan, you can ask for a loan secured by a bank account or certificate of deposit.

You may have better luck applying for a loan from a credit union than from a bank. The more types of credit you’re able to manage responsibly, the more credit-worthy you will look.

7. Get a secured credit card

If you’re unable to qualify for a standard (unsecured) credit card with your current credit score, consider a secured card. Even applicants with poor credit can qualify for secured credit cards. That’s because secured credit cards are backed by cash deposits which serve as collateral, providing an additional layer of security for the credit card company. In this way, it’s like a checking account, letting users borrow money from themselves. But unlike a checking account, using a secured credit card responsibly can improve your credit score.

When looking for the right secured credit card for you, be sure to select one that reports to credit bureaus. If it doesn’t, you won’t see any impact on your credit score.

Get started by checking out our top four most highly recommended secured credit cards. 

8. Piggyback your way to improve credit score fast

If you have family members with good credit, you can become an authorized user on one or more of their credit cards. Your credit will get an immediate boost, and you won’t be responsible for any of their debts.

But be careful with this tactic. If you slack off on paying your bills, you could trash your family member’s credit, not to mention your relationship. Likewise, if their credit takes a hit, yours will too.

9. Consolidate your bills

Consolidating your credit card bills into a single monthly payment accomplishes two purposes. It eliminates high-interest credit card debt (and likely obtaining a lower total monthly payment) and makes it easier to keep track of payments. Just don’t make the mistake of running up new debts to replace the debts you wiped out.

10. Establish a bank line of credit

If you’re a good, long-standing customer, you may be able to obtain a line of credit from your bank even with a low credit score. Having an available line of credit can boost your credit to debt ratio. And unlike a loan, a line of credit usually does not generate payments due until you use it.


Barring the correction of multiple, serious errors on your credit report, it’s unlikely that you’ll be able to raise your FICO score from 550 to 700 overnight. You’ll need to exercise patience, along with consistent credit repair strategies, to yield results. But over time, following one or more of the strategies listed above will improve your credit report and raise your FICO score.

Looking for a credit card to help you rebuild your credit score? SuperMoney can help — we’ve compiled a list of the best credit cards for bad credit. If you’re looking for more personalized credit counseling, we can help with that too.

FAQ on Low Credit Scores

What Is a Good Credit Score?

For a score with a range between 300-850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent. Most credit scores fall between 600 and 750.

How fast can you raise your credit score?

Credit card issuers typically report to the bureaus every month. As soon as your creditor reports your lower balance, the better utilization will be reflected in your scores. If you maxed-out credit cards, you could elevate your scores by nearly 100 points by paying them down or off.

How long do late payments stay on your credit reports?

Like collection accounts, late payments can remain on your credit reports for up to seven years and also have a negative impact on your scores. Additionally, both have a lesser impact as they get older.Not all late payments are equal. A payment that is 30 or 60 days late isn’t going to affect your credit score as much as a payment that’s 90 days past due.

Why did my credit score drop?

A number of factors can cause your credit scores to drop. High credit card utilization, late payments and hard inquiries are just a few issues that can impact your credit health.

Will a balance transfer hurt my credit scores?

A balance transfer could lead to your scores dipping in the short term. That’s because it may decrease your average account age, if you’re closing an older account and/or opening a new one, and will increase the credit utilization on a single card.When you use credit responsibly over time, your credit should rise again.