How Can I Raise My Credit Score 100 Points in 30 Days? (2024)

You can raise your credit score 100 points in 30 days by disputing errors on your credit report, paying off past-due accounts, and lowering your credit card utilization. Creditors typically report updated information monthly, so it is possible to improve your score by 100 points in 30 days. It will likely take several months for your score to realize its full potential, though.

You can use WalletHub’s free credit score simulator to learn how different actions can affect your credit. Also, you can learn more about popular credit improvement strategies below.

How to Raise Your Credit Score 100 Points in 30 Days

1. Pay down your credit card balances:

   Both credit utilization and the total amount of debt you carry affect your credit score. Paying down your credit card balances benefits both metrics. Note, your score could increase by approximately 10 to 50 points if you pay off 25% of your credit card balance.

   
   

   Credit utilization measures how much of your total credit limit you are using each month. It’s calculated by dividing your statement balance by your credit limit – for each credit card you have and for all of them added together. The ideal credit utilization ratio is 1-10%, though anything under 30% is still considered good.

2. Pay off accounts in collections: Paying off accounts in collections can improve your credit score, depending on the scoring model. Newer credit scoring models like VantageScore 3.0 ignore collection accounts with a $0 balance. Therefore, paying collections accounts may boost your score over 100 points. However, scores generated by older models are not impacted by paid collections.
3. Dispute credit report errors: If there are any adverse account details or entries dragging down your score, you can dispute the information with the three major credit bureaus. Correcting negative information can raise your credit score by as much as 25 points.
4. Add rent or utility payments to your credit report: Rent and utility payments are not automatically reported to the credit bureaus, but you can use a third-party service to add the accounts to your credit report. Adding new tradelines with on-time payments to your credit report can improve your score by 10 to 60 points.

Although you can take a number of actions to positively impact your credit, how much your score goes up also depends on your current credit score. If you already have good to excellent credit, you may not experience enormous gains by disputing errors, paying down debt or increasing your credit limits. However, if your credit is poor, taking these steps will have a greater effect.

Bear in mind, improving your credit score is usually a long-term process, spanning several months and even years in some instances. You can track your progress by checking your credit report and your credit score for free here on WalletHub. In addition to daily updates, you will get personalized credit-improvement tips.