Financial guru Mark Hauser has spent over 20 years assisting clients in raising their credit scores. He talks about several tried-and-true methods to raise your credit score in an article on Under30CEO.

According to Mark Hauser, understanding how credit works are the first step in raising your credit score. Customers must be aware of what information is contained in their credit reports and ensure that it is accurate. According to Mark Hauser, individuals should request copies of their credit reports from the three credit bureaus, review them for errors, and then challenge any they discover.

Because a person’s payment history makes up 35% of their credit score, Hauser also emphasizes how crucial it is to make on-time payments. He advises setting up automatic payments or reminders to ensure payments are completed on time and avoid late fines.

In addition, Mark Hauser advises reducing the credit usage ratio to the total credit limit. The term for this is credit utilization. If a person uses an excessive amount of their available credit, their credit score may suffer. Hauser advises using at most 30% of your available credit and paying off the debt on your credit cards in full each month.

Further advice from Hauser is to open only a few new credit accounts at a time, as doing so will reduce the average age of those accounts and lower their credit score. He suggests that you only open new accounts when necessary.

Hauser advises those having problems raising their credit scores to speak with a financial advisor or a credit counselor. These professionals can offer clients individualized guidance and assist them in developing a strategy to accomplish their financial objectives.

In conclusion, Mark Hauser’s strategies for raising consumer credit scores emphasize the significance of understanding credit, making on-time payments, using credit sparingly, being cautious when creating new accounts, and seeking professional assistance when necessary. These suggestions can help people improve their credit scores and manage their finances.