• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Clever Dude Personal Finance & Money

Clever Dude Personal Finance & Money

Family, Marriage, Finances & Life

  • Toolkit
  • Contact
  • Lunch
  • Ways to Save Money
  • About the Clever Dude

Credit • Finances & Money

Four Moves That Can Improve A 320 Credit Score In 90 Days

January 26, 2018
By James Hendrickson
- Leave a Comment

improving credit score tips, improving credit score, credit score advice
Good credit health is essential to achieving big money goals, like buying a car or a home. A poor credit score, such as a 320 credit score, on the other hand, can hold you back from qualifying for credit cards and loans or mean paying higher interest rates when you borrow.  If you are in this situation, you want to get out of it as soon as possible.

Knowing how to build credit — and what not to do — are essential for moving up the credit score scale. You don’t have to do anything drastic to see an improvement either. There are some relatively simple ways to get your score back on track quickly.  The work regardless of whether you have a 320 credit score or an 800 credit score.

1. Clean Up Credit Reporting Errors

Your credit score is based on what’s in your credit report. That includes things like your payment history, balance and credit limits for all your credit accounts, as well as how often you apply for new credit, the age of your credit lines and the types of credit you’re using.  So, if you’ve got a 320 credit score you’ll need to improve all of these things.

Having a mistake on your report, like an incorrectly reported late payment or the wrong balance, could take points away from your score. Don’t pay to check your credit. Check your reports from the three major credit bureaus for free through AnnualCreditReport.com for errors and don’t hesitate to dispute any inaccuracies you find.


2. Your Credit Utilization Ratio Will Improve A 320 Credit Score

One of the most important things that affect your credit score is your credit utilization ratio. That refers to how much of your available credit you’re using. Ideally, you’d want to use 10% or less of your total credit limit at any given time, but you can see an improvement in your score by getting it down to 30%.

So how do you improve your ratio? First, you can pay down a chunk of your credit card debt. If you don’t have cash on hand, however, that can take time. If you want to see quicker results, you can either request a credit limit increase on your existing credit card accounts or open a new credit card.

A word of caution about the latter, however. Each inquiry for new credit can ding your score by a few points. It’s better to try for a credit limit increase on accounts you already have first. If that’s not an option, you can look around for a new credit card. Remember to check your credit first to get an idea of what kind of cards you’ll qualify for.

3. Leverage Someone Else’s Good Credit

If you’re brand-new to building credit, getting credit cards or raising the limit on a card you already have may be challenging. An easier way to boost your score is to ask someone you know to add you as an authorized user on one of their credit card accounts.

Being an authorized user means that their account history shows up on your credit report. As long as they’re paying on time and using their card responsibly, your score can reap the benefits of their good behavior.

4. Don’t Cheat

Improving your credit score will take sustained effort. There is no way around doing the hard work, paying off your debt, removing extraneous information, etc. The internet is full of debt consolidation companies and dubious service providers who say they can improve your credit by “hacking the credit reporting agencies” or by changing your name. Avoid shortcuts. They won’t help you develop the habits you need to be successful and many are predatory or engage in illegal activity.

Remember to track your credit score progress each month to see how your efforts are paying off. You can get your free credit score instantly from Credit Sesame.

Lastly, if you’re interested in reading more about your credit score, read our other articles:

Drastically Improve a 480 Credit Score
Understanding Credit Score Ranges
What Is A Person’s Starting Credit Score?

James Hendrickson
James Hendrickson

James is an internet entrepreneur, blogging junky, hunter and personal finance geek.  When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College.  He loves individual stocks, bonds and precious metals.

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Are you feeling the call to be a Clever Dude? Then, let's get down to brass tacks and explore what it takes to be one. Get ready for an in-depth look into the anatomy of someone who exudes cleverness!

There's nothing like hearing you're clever; it always hits the spot!

Best of Clever Dude

  • Our Journey to Debt Freedom
  • Ways to Save Money Series
  • Examine Your Motives Series
  • Frugal Lunch by Clever Dudette
  • An Illustrated Frugal Lunch
  • I'm Tired of Buying and Spending
  • 50 Tips for New PF Bloggers
  • Other Personal Finance Blogs

Copyright © 2006 - 2021 District Media, Inc. All Rights Reserved. Privacy Policy Sitemap
Disclaimer: The Ads expressed herein are exclusively those of the Advertiser. They do not necessarily reflect our personal or professional beliefs.