Did you know that using a credit card responsibly can actually help improve your credit score? Here’s how:
To use a credit card responsibly, make sure to only charge what you can afford to pay off each month. Try to keep your credit utilization ratio below 30%, and always make your payments on time. It’s also important to choose a credit card with a low-interest rate and no annual fee.
In conclusion, using a credit card responsibly can help improve your credit score. By establishing a positive payment history, keeping your credit utilization ratio low, and adding a revolving credit account to your credit history, you can take steps towards a better credit score.
Dovly is a free AI credit engine that can help you dispute any errors you find on your credit report. Try it risk-free with our free membership tier. Get in touch with Dovly today.
(1) Average increase experienced by a sample of 18,831 Dovly Premium members and 21,118 Dovly Free members that have been enrolled more than 6 months, as of September 2023.
(2) Based on the total items removed divided by the total disputes sent for Dovly Premium members as of May 2023.
(3) Dovly’s automated credit engine maximizes your results by submitting the optimal number of disputes each month based on a combination of factors unique to your credit report.
(4) The combined total credit score increase among Dovly members through November 2023.