10 Surprising Ways to Boost Your Credit Score

Jun 8, 2024 | Debt

As a working professional, improving your financial standing is likely a top priority. Did you know that your credit score can significantly impact your overall financial health? A good credit score affects your ability to secure loans, credit cards, and even employment opportunities. This article explores 10 surprising ways to boost your credit score, enhancing your financial standing and unlocking various benefits.

Understanding Credit Scores

A credit score is a three-digit number between 300 and 900 that reflects your creditworthiness, based on your credit history. This history includes your payment history, number of accounts, and debt levels. In Canada, Equifax and TransUnion are the two main credit bureaus, each with its own scoring model. Lenders use these scores to assess loan eligibility—higher scores increase approval chances.

How to Check Your Credit Score

Regularly checking your credit score ensures accuracy and helps you monitor potential errors. You can check your credit score for free through Equifax and TransUnion, or use services like Credit Karma or Credit Sesame for free monitoring. Staying informed helps you address discrepancies promptly.

10 Surprising Ways to Boost Your Credit Score

  1. Pay Bills on Time Your payment history is the most crucial factor in your credit score. Ensure all bills are paid on time to avoid negative impacts. Setting up automatic payments can help prevent missed payments.

  2. Pay Down High-Interest Debt High-interest debt can negatively affect your credit score. Prioritize paying off these debts quickly. Consider consolidating debt or transferring it to a lower-interest credit card.

  3. Lower Your Credit Utilization Rate Maintain a low credit utilization rate—the ratio of credit used to total available credit. Aim to keep this rate below 30% by paying down debt regularly.

  4. Use a Mix of Credit Accounts Having diverse credit accounts (credit cards, installment loans, mortgages) demonstrates responsible credit management, positively influencing your credit score.

  5. Dispute Errors on Your Credit Report Ensure your credit report is accurate. Dispute any errors with the credit bureaus to improve your score and maintain an up-to-date report.

  6. Don’t Close Old Credit Cards Keeping old credit cards open helps maintain a longer credit history, positively impacting your credit score even if you don’t use them frequently.

  7. Limit New Credit Applications Each new credit application can slightly lower your score. Minimize applications to maintain a higher score.

  8. Avoid Co-Signing Loans Co-signing can negatively affect your credit score if the primary borrower misses payments. Avoid co-signing unless you’re confident in the borrower’s reliability.

  9. Get Added as a Joint Account Holder Being added as a joint account holder on a well-managed account can improve your credit score by demonstrating responsible credit use.

  10. Use Professional Credit Repair Services If improving your credit score is challenging, consider professional credit repair services. They can help identify and dispute errors on your report and offer strategies to manage your debt effectively.


Improving your credit score doesn’t have to be daunting. By implementing these 10 surprising strategies, you can boost your credit score and enjoy the benefits of better financial health. Pay your bills on time, manage your debt wisely, and maintain a diverse mix of credit accounts to see positive changes in your score. Regularly check your credit report, dispute errors, and consider professional help if needed. Start improving your credit score today to secure a brighter financial future.