Five Ways to get better credit in 2015


An informative new article from TIME highlights five ways consumers can improve their credit in 2015. Whether you’re trying to get a better credit score so you can qualify for a mortgage or a low rate on a car loan, are just starting to build your credit history or repairing it after a financial setback, experts say there are a handful of things you should be doing right now.

Applying for a credit card or loan dings your credit score just a bit, so if you’re planning a big purchase (say, a home or a car) where every point on your credit score counts, hold off on opening any other accounts for a while, says Odysseas Papadimitriou, founder and CEO of the sites and “Stop applying for other forms of credit at least six months in advance,” he advises.

Checking your credit reports is also especially important if you plan to buy a car or home this year, says Matt Schulz, senior industry analyst at the site “Check for errors such as accounts that you don’t recognize and late payments that you didn’t actually pay late,” he says. “Cleaning up any mistakes on your report can make a big difference to your credit score.”

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