• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • HOME
  • RECOMMENDED BOOKS
  • FREE TOOLS
  • CONTACT US
  • ABOUT
  • Search

    More results…

    Generic filters
    Exact matches only
    Search in title
    Search in content
    Search in excerpt

The Fortunate Investor

Investing & Personal Finance For Wealth Builders

  • Save Money
  • Invest Your Money
  • Get Out of Debt
  • Making Money Online
  • Family & Money
  • Taxes
  • Business
  • Retirement
    • Retirement Calculator
Home ยป The Best Tips on How to Get a 720 Credit Score in 6 Months

The Best Tips on How to Get a 720 Credit Score in 6 Months

November 22, 2019 By The Fortunate Investor | This article may contain affiliate links. For more information visit our Disclosure

Tweet
Share
Pin
Share
Share

The Best Tips on How to Get a 720 Credit Score in 6 MonthsYour credit score affects everything from your ability to rent an apartment to how much you can receive for a car loan. Most people are looking for ways to boost this score however possible, but it can be confusing.

If you’re trying to find how to get a 720 credit score in 6 months, keep reading!

How Your Credit Score Is Calculated

Your credit score is accumulated on a variety of information that indicates how well you pay back a debt. This includes data like late payments and bills sent to collection.

It also helps determine the amount that should be loaned to you, or that you can feasibly pay back. This includes looking at monthly payments and the total debt you currently hold, or your debt to income ratio.

Based on these factors, you’re given a number between 300 and 850. While it’s updated frequently, most people are frustrated by how slow it seems to improve. However, there are steps you can take to help that number increase quicker.

How to Get a 720 Credit Score in 6 Months

Here are ways you can effectively increase your credit score.

1. Increase the Amount of Open Credit You Hold on Revolving Lines

The amount of open credit you have on any given line is known as open credit, or the amount available for you to use. The higher this number is, the better.

For instance, if you have a credit card with a $5,000 limit and have a balance of $1,000, you’re using 20% of the credit available to you, meaning you have 80% of that limit left. Cards that have larger amounts open mean that you aren’t operating at the top of your means.

2. Dispute Any Errors You Find on Your Credit Report

You are entitled to access your credit report for free several times a year, and there are companies that offer monitoring services.

If you find any errors on your credit report, you should use a service like DisputeBee to immediately fix them. Small errors can have damaging results that keep your credit score stationary if they aren’t corrected.

Ask for a Higher Credit Card Limit3. Ask for a Higher Credit Card Limit

Request a higher limit on your cards from your credit card company. This will help increase the amount of open credit you have available automatically, without you having to pay down debt.

4. Use Both Credit Cards and Loans

Don’t just rely on credit cards. Different kinds of credit, from bank loans to rental contracts, can help show how responsible you are and boost your score.

5. Pay Every Bill on Time

This should go without saying, but one of the easiest ways to boost your credit is to pay every bill you have on time. This isn’t just credit cards – any late payment can be reported to the credit bureaus.

Repairing Your Credit Score

Repairing Your Credit Score

Sometimes it’s an extenuating financial crisis, and sometimes it’s just the result of being a little careless with money, but a credit score is an easy thing to damage.

But if you’re wondering how to get a 720 credit score in 6 months, know that you can bring your credit score back up fast if you’re willing to put in some serious financial work and monitor the situation.

Looking for more financial advice? Check out the rest of the information articles on this site!

  • About
  • Latest Posts

The Fortunate Investor

The Fortunate Investor at FortunateInvestor.com
The Fortunate Investor is the finance half of the husband and wife duo behind this website. Michael's finance and investment advice is rooted in an MBA and 20 years experience as an entrepreneur, banker, and manager in the financial services industry.

Latest posts by The Fortunate Investor (see all)

  • Micro Investing Apps: The Best Platform For 2019 - December 10, 2019
  • Investing 101: Investing in the Stock Market in 5 Steps - December 10, 2019
  • First Time Investor: Building A Stock Market Investment Strategy - December 10, 2019

Primary Sidebar

Popular Articles

4 Top Tips For Starting A Business Abroad

4 Top Tips For Starting A Business Abroad

If you're thinking about expanding your business and going abroad with it, then there are several … Read More about 4 Top Tips For Starting A Business Abroad

How To Recruit Employees At A Job Fair

How To Recruit Employees At A Job Fair

A job fair can be a great place to find new recruits. Having a strategy will help you to stand out … Read More about How To Recruit Employees At A Job Fair

Who Said Guaranteed Marketing ROIs Don't Exist

Who Said Guaranteed Marketing ROIs Don’t Exist?

Return on investment (ROI), is likely the overriding business goal in everything you do. After all, … Read More about Who Said Guaranteed Marketing ROIs Don’t Exist?

Enhance Your Business Reputation with These 4 Tips

Enhance Your Business Reputation with These 4 Tips

As a business owner, you need to be thinking about the reputation of your business as a number one … Read More about Enhance Your Business Reputation with These 4 Tips

Micro Investing Options Infographic

Micro Investing Apps: The Best Platform For 2019

What are micro investing trends? Apps are powering micro-investing! Have you been wondering about … Read More about Micro Investing Apps: The Best Platform For 2019

Footer

TOPICS

SAVE MONEY
INVEST MONEY
REDUCE DEBT
MAKE MONEY
FAMILY & MONEY
TAXES
START A BUSINESS
RETIREMENT

THE FORTUNATE INVESTOR

ABOUT US
ADVERTISE
CONTACT US

The Fortunate Investor focuses on personal finance topics to build wealth. Topics include saving money, investing, managing debt, family and money, taxes, making money, college planning, starting a business, coupons and retirement.

SOCIAL MEDIA

FACEBOOK
TWITTER
PINTEREST
INSTAGRAM
YOUTUBE

Copyright © 2019 Fortunate Investor. All Rights Reserved. | Disclaimer & Disclosure | Privacy Policy | Terms of Service