{"id":6864,"date":"2023-01-30T08:49:47","date_gmt":"2023-01-29T22:49:47","guid":{"rendered":"https:\/\/nimble.com.au\/blog\/?p=6864"},"modified":"2026-03-19T14:22:30","modified_gmt":"2026-03-19T04:22:30","slug":"top-tips-to-put-you-on-track-to-a-better-credit-score","status":"publish","type":"post","link":"https:\/\/nimble.com.au\/blog\/top-tips-to-put-you-on-track-to-a-better-credit-score\/","title":{"rendered":"Top Tips to Put You on Track to a Better Credit Score"},"content":{"rendered":"\r\n

Unless you\u2019re a Nepo baby, have generational wealth, you\u2019ve been saving since birth, or you plan on avoiding adulthood for life, you may find yourself in need of a credit card, a loan, or a mortgage in the future. And, if that is the case, your credit score <\/span>will<\/span><\/i> matter.\u00a0<\/span><\/p>\r\n

That\u2019s because, as part of responsibly doing business, banks, lenders, insurers, utilities providers, brokers etc. must ensure their customers can effectively manage their finances OR comfortably handle debt. They assess this \u2018creditworthiness\u2019 by looking at your credit score to see<\/span> how reliable you were when paying money back in the past.<\/span><\/p>\r\n

Your credit score is graded between zero and 1,000 or zero and 1,200, depending on the reporting agency that is used i.e., Equifax or Experian. The higher the score, the more \u2018creditworthy\u2019 you are – anything around 700 is considered good by most credit bureaus <\/span>1<\/sup><\/a><\/span><\/span>.<\/span><\/p>\r\n

Particularly in the current economic environment, hiccups happen and, unfortunately, they can affect your credit standing, holding you back from reaching that ideal score you need to help you stay afloat.\u00a0\u00a0<\/span><\/p>\r\n

We\u2019ve pulled together some <\/span>\u00a0Top Tips to Put You on Track to a Better Credit Score<\/b>. Read on!<\/span><\/p>\r\n

Pay bills on time\u00a0<\/span><\/h2>\r\n

Not only is paying your bills on time generally a good life habit that can spare you dreaded debt collector calls and save you on late fees, it\u2019s also a surefire way to keep missed payment marks off your credit file.\u00a0<\/span><\/p>\r\n

When you\u2019re regularly late, it suggests that you could be under financial strain and unable to repay your debts. So, the further you fall behind, the harsher the impact on your credit score<\/span>2<\/sup><\/a><\/span>.<\/span><\/p>\r\n

If you have a habit of forgetting deadlines, consider making a budget tracker with your accounts payables, set up auto-payments and direct debits, and let modern banking do its thing! Or, if you\u2019re old school or suspicious toward technology, pen all your upcoming bills in your wall calendar or sticky tape them to your fridge.\u00a0<\/span><\/p>\r\n

Do whatever you need to do – just try not to\u00a0 miss the due date if you can help it!<\/span><\/p>\r\n

Make frequent payments\u00a0<\/span><\/h2>\r\n

Frequent payments demonstrate consistency, reliability and responsible spending behaviour.\u00a0<\/span><\/p>\r\n

Whether you\u2019re paying smaller amounts more often, or larger sums each month, consistency is key. Both will contribute to reducing debts or loans quicker, getting you on your way to a stronger credit score.\u00a0<\/span><\/p>\r\n

Staggering payments also ensures you\u2019ve already paid something by the due date. It keeps your balance in check and improves your credit utilisation, which significantly impacts your credit score.<\/span><\/p>\r\n

And remember, carrying a credit card balance actually <\/span>weakens<\/span><\/i> your credit score, and the lender may consider you a riskier borrower, which can equate to\u00a0 higher interest rates too.\u00a0<\/span><\/p>\r\n

Fix credit report mistakes\u00a0<\/span><\/h2>\r\n

Mistakes happen!<\/span><\/p>\r\n

Make sure you have a good look through your credit report and correct any errors.\u00a0<\/span><\/p>\r\n

Look out for:<\/span><\/p>\r\n