Tips on Improving your Credit Score

Improving your Credit - Complete Controller

Credit Rating is the act of building upon a good credit score. It is also a crucial part of financial management as it directly affects your aptitude for borrowing money or getting access to products such as loans or credit cards. Credit scores have a significant influence on your financial lifestyle as it dictates whether your loans or credit cards are approved or not. Credit card issuers give some rewards to individuals with a higher credit score. Credit scores can be checked easily for free on various platforms. What’s your credit score? If you have never checked your credit score, it is time you do as it tells a lot about current and future financial stability. Check out America's Best Bookkeepers

Information on your credit report denotes your credit score. If your credit record shows a few remaining or unpaid payments, you may be charged a high-interest rate by financial institutions and might not be entitled to certain types of loans. If you have a low credit score, you can improve it by incorporating strategies to increase your creditworthiness. These are as follows:

  • Watch your credit card balance:

The most crucial factor to consider, particularly for a credit score, is how much turning (inflows and outflows) credit you have in your account compared to the amount you are using. The lesser the principal amount, the better is your credit score. To boost your credit score, you have to pay your balances and control future spending to maintain a healthy positive balance. If you are dealing with several credit card balances, you may want to consolidate it into a personal loan, which will eventually help you increase your credit score. Check out America's Best Bookkeepers

  • Old debt on your credit record:

According to some people’s beliefs, old debt on their credit record gives a bad impression. As soon as they get some money, they try hard to remove it from their credit file. Although negative reviews on your credit file don’t seem good, many of these records will get purged away after seven years. But, arguing to remove all those negative items from your credit reports is not a good idea to opt for, especially if you are approaching that seven-year tenure. It is best to forget about this debt and concentrate on new debt and paying that off promptly to start building upon your existing score. Good debt is considered as a debt that you have paid well and on time as per agreement. The longer the history of good debt, the better will be your credit report. 

  • Pay your bills on time:

Credits scores are determined by what’s in your credit file. In case you are not paying bills on time or are bad at remembering due dates, you should set yourself a deadline, preferably close to your payday. This would result in you paying all outstanding bills at once without worrying about each date. This behavior will lessen the damage on your credit score and leave a positive impression on your credit file. Check out America's Best Bookkeepers

  • Do not put yourself at risk:

In some cases, you can improve and maintain your credit score by not putting yourself in any risk. For instance, paying an advance payment on your credit card will likely increase your credit score as you will be only utilizing what you have already pre-paid. This sort of financial management ensures a high credit score.

  • Don’t dismiss your credit:

If you know that you will need credit in the future, you should be laser-focused as far as your credit score is concerned. You need to pay your bills on time and responsibly use credit because spending behaviors are the reflection of your credit score.


In most cases, the score your investor uses may not be the same as the credit score shown by your bank or other financial institutions. Your credit grade for different criteria indicates the way you manage your finances. Incorporating the points above will help you improve your credit scores and lead to a debt-free life.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers