If you're looking for how to increase your credit score quickly, Tennessee Title Loans, Inc. can help. You can follow simple methods to get into a good credit score range to help get approved for bank, auto, and home loans.

In this guide from Tennessee Title Loans, Inc., we will explain how to raise your credit score 200 points in 30 days. Our strategies can help you increase your credit score to help with loan approval. We will also explain how our emergency cash loans, including title loans and payday loans, can help you with emergency cash for a financial crisis while building up your credit score.

How To Increase Your Credit Score Quickly: 5 Methods To Get Into A Good Credit Range

Based on the FICO Score system, a good credit score ranges between 670 and 739. A very good score is between 740 and 799, while an exceptional score is between 800 and 850. Anything below 670 is either fair or poor and needs fixing.

Are you wondering what is a good strategy is if you want to improve your credit score? Below, we have outlined five methods for increasing your credit score quickly. With our simple and effective tips, you can even learn how to raise your credit score 200 points in 30 days.

The following are five strategies for increasing your credit score quickly:

1. Dispute Errors On Your Credit Report

Just one mistake on your report can bring down your score. Disputing them helps you quickly boost your credit rating without much extra effort.

You're entitled to free reports from each major credit bureau every week. Always request them and then check for mistakes, like late payments marked even though you paid on time or someone else's activity mixed with yours.

On top of that, browse for negative items that are too old to remain listed. Typically, foreclosures, collections accounts, and bankruptcies should only be listed for seven years. Getting these negative listings on your credit history removed is an easy way to increase your credit score.

2. Make Payments On Time

The main influence on your FICO credit score is your payment history, which accounts for 35% of your score. Consistently making payments on time can help your credit score, whereas failing to make payments within 30 days can bring your score down.

Having a long history of making payments on time for your home loan, credit card debt, or student loans can continually increase your credit score. To accomplish this, make sure you are budgeting properly to always make payments on time.

Write down the due dates of your debts every month and how much you owe. Budget for these debts and continue to make payments on time to gradually increase your credit score. You can even try to pay more than your minimum payments to eliminate high interest-rate debt.

3. Improve Your Credit Mix

Your credit mix accounts for 10% of your FICO credit score. This means how many different types of credit accounts you have open. While you may think having only a few debts will increase your credit score, it can actually cap its ceiling. Having multiple different types of credit accounts that you always pay on time can increase your credit score.

An example of a healthy credit mix could include a car loan, home loan, student loan, and credit card debt. If you only have a home loan, open up new credit accounts to help with your credit mix.

It’s important to note that opening multiple credit accounts at the same time can have a negative credit impact. Open these accounts gradually every couple of weeks or months.

4. Improve Your Credit Utilization

Your credit utilization ratio accounts for 30% of your credit score. It refers to the percentage of the credit available to you that you’re using. If you’re constantly reaching your credit card limit every month, you likely have too high of a credit utilization ratio and could benefit from capping your spending.

Your goal should be to use less than 30% of your available limits. For example, if you have a monthly credit limit of $20,000, make sure you spend less than $6,000. However, you need to make sure you utilize some of your credit, as that can help your credit utilization and establish a positive payment history.

5. Keep Old Credit Accounts Open

While paying off high-interest debt can help with your credit score, closing accounts can have a negative credit impact. This is because these accounts have your payment history attached to them. Paying off an account and closing it will get rid of your positive payment history, lowering your credit score in the process.

For example, let’s say you’ve been paying off a car loan for five years. You’ve always made your payments and are about to pay it off entirely. Keep the account open to benefit from five years of positive payment history.

Paying For Emergencies With Bad Credit: Title, Payday and Flex Loan Options In Tennessee

Unfortunately, building up your credit can take time. While you use the abovementioned strategies to get into a good credit score range, you may suffer a financial emergency that you cannot afford. Rather than stressing about how you’ll get the money you need, you can borrow money easily with the fast cash loans at Tennessee Title Loans, Inc.

We offer bad credit loans that allow you to borrow without getting denied because of bad credit. You can borrow money today without worrying about the loans lowering your credit score, as we do not do hard credit inquiries.

The following are some of the bad credit loan options we offer:

• Title loans — You can borrow $300 to $2,500 by using your lien-free car title as collateral. The loan amount depends on the value of your vehicle (the more it's worth, the more you can borrow). They're made for relatively minor emergencies and are incredibly easy to apply for. You need the following required items: a driver's license, a lien-free vehicle title, proof of income, and your vehicle. We don't keep in your vehicle, so you won't need to worry about arranging other transport needs while your loan is active.
• Payday loans — These are the classic low-value, short-term loans, letting you borrow as little as $100 to $400. Again, you can have bad credit and won't need to endure mountains of paperwork to be approved. All you need for a payday loan is a state-issued identification, your most recent pay stub, and a blank check from an active checking account open in your name.
• Flex loans (a.k.a., line of credit loan) — You can borrow up to $4,000, making them an option for more substantial emergencies like roof repairs or vehicle breakdowns. Similarly to title loans, you'll need your vehicle, driver's license (or another form of state-issued identification), proof of income, and your vehicle's lien-free title to qualify. Flex loans provide "on demand" money, letting you draw up to the maximum amount for a predetermined duration and only pay interest on the amount you withdraw. As soon as you repay it, the amount becomes available for you to re-borrow.

Each of these loans can help you get emergency cash fast during an emergency. You can apply online, get approved in person at a Tennessee store location in less than 30 minutes, and receive your cash within one business day.

Secure A Bad Credit Loan From Tennessee Title Loans, Inc. – Borrow Title Loan Cash Right Now!

While you follow our strategies for how to increase your credit score quickly, an emergency can arise that Tennessee Title Loans, Inc. can help you pay. Our fast cash emergency loans, such as title loans, payday loans, and flex loans, can get you the money you need in less than one business day. Follow our speedy process to get same-day approval for bad credit loans.

Ready to get the money you need today? Contact us for assistance by filling out our online form or calling us to discuss our bad credit loans.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.