How to Quickly Boost Your Credit Score

How to Quickly Boost Your Credit Score

Updated October 2, 2020
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How to Quickly Boost Your Credit Score

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Learn about simple ways to boost your credit score online right now – instantly!

One of the most influential data points that impacts your life is your credit score.

Properly rebuilding a credit score that's less than stellar can take time, so if you need results right now (say, you're about to apply for a car loan), a quick win is what you're after.

Fortunately, there are some easy ways you can quickly boost your credit and see the results instantly. In fact, most people can boost their credit online right now – and see their improved score within minutes.

Experian Boost

Experian is one of the larger reporting agencies that generate a credit score, other than TransUnion and Equifax

Here's how it works –  Experian Boost lets you share details about bills you are already paying monthly, like your utilities and rent. After signing up, it allows you to report it so it can positively impact your credit score.

To begin, head to Experian Boost and fill out the sign-up form.

You'll be asked to verify your identity on the next step by supplying some personal details like your social security number.

Once you've completed the free signup, you'll be able to view your current FICO score (before the Boost) and an estimate of how many points you might be able to add using Boost.

Boosting Your Score

To boost your score, you'll link your bank account and select which bills you'd like to report. Some of the bills you can report include utilities (like gas, water, and electric) or your phone bill.

You should include any bills that you are consistently paying monthly on-time. This is an easy and effective way to build your score quickly, hence the boost name. 

Once you've completed the steps, you'll be ready to see your updated report, reflecting the new additions. The addition of your new payment data may take a bit longer to reflect. This is true for any update or correction to your credit report, not just the Experian Boost product.

Why Boost Your Score?

This is low hanging fruit – you're already paying these bills every month, so why not receive credit for them? This additional data will only be used to calculate your Experian credit score and will not be reflected in other reporting agencies.

Any time you boost your score, you'll benefit financially through lower interest rates on new loans. If you already have outstanding debts, you may be able to refinance to a lower rate, utilizing your new and improved credit score.

Combine this with a proper review of your credit report, and you'll likely find a positive impact to your credit score. While these changes don't happen overnight, using the Experian Boost product should have a faster impact on your credit report. If you have additional questions, read the Experian Boost FAQ

Your financial wellness is a slow and steady journey, and using these products will help you remain on the path to success.