Last Updated on January 12, 2025 by Daniele Lima
Complete Guide: Improve Your Credit Score in 90 Days or Less
Credit scores are one of the pillars of the international financial system, directly affecting your ability to get loans, rent property, or even get a job in certain countries. Although each system has its particularities – such as the FICO Score in the United States or the Credit Score in the United Kingdom – the principles for how to improve your credit score are universal. Below, we explore creative and effective tips for strengthening your number, no matter where you are.
Table of Contents
How to Check Your Credit Score by Country
Before making any changes, know the rules of the game in the country where you live. In the USA, for example, the FICO Score is widely used, ranging from 300 to 850. In Canada, Equifax and TransUnion dominate the scenario, while countries like Germany use SCHUFA.
Practical Tip: Get a copy of your credit report and understand what factors are impacting your score. These reports are often free or available at affordable prices.
Build International Credit Score with Foreign Payments
If you are an expatriate or have accounts in other countries, see if you can include your payment history in your local report. Platforms like Experian Boost allow you to include payments for services like Netflix and cell phone bills in your credit history.
Creative Tip: Use international joint accounts with family members or partners, allowing your history to be built in multiple countries.
Best Secured Credit Cards to Improve Credit Score
In the US, Canada, and several other countries, secured credit cards are powerful tools for building credit. These cards require an initial deposit, which serves as your credit limit.
Additional Tip: If you’re just starting out, look for cards that offer monthly reports to all major credit bureaus in the country where you reside.
Credit Utilization: Tips to Improve Credit Score Fast
Credit utilization is a key factor. Even if you have a high limit, try to use only a small percentage. This demonstrates financial responsibility.
Creative Solution: Set up alerts in your banking app to notify you when you reach a specific threshold, such as 20% of your available total.
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How Long to Improve Credit Score with Regular Payments
In Japan, for example, it is common for banking and payment history to carry significant weight if you don’t have a long history, open basic accounts like telephone or electricity, and keep them in your name for years.
International Strategy: When moving countries, transfer existing accounts to the new address instead of closing them, whenever possible.
Do Credit Checks Hurt Your Credit Score?
Every time you apply for credit, a hard inquiry is recorded, which can temporarily reduce your score. In the United Kingdom, for example, it is recommended to avoid multiple requests in a short space of time.
Creative Tip: Use online credit simulators before officially applying, as many do not impact your score.
Improve Credit Score in Developing Countries: Microloan Guide
If you live or work in emerging markets, microfinance platforms like Tala or Branch offer the chance to build a credit history by paying back small loans.
Impact Tip: Invest in social projects that also improve your score, such as solar energy financing or education in African countries.
Types of Credit to Improve Your Credit Score
| Credit Type | Description | Example |
|---|---|---|
| Revolving Credit | Revolving credit allows you to borrow up to a limit and repay it flexibly, usually with interest on the outstanding balance. | Credit cards, such as American Express. |
| Installment Credit | Installment credit involves borrowing a fixed amount and repaying it over time in scheduled payments. | Student loans or auto loans. Consider providers like Navient. |
| Small Financing | Smaller loans can diversify your portfolio and demonstrate reliability when repaid on time. | Financing electric bicycles or household appliances in Australia or New Zealand. |
Latest Changes in Credit Score Calculation 2025
Credit rules and systems are constantly evolving. Many countries are introducing new algorithms to include alternative payments such as rent and utilities.
Practical Tip: Sign up for newsletters from local and international credit agencies to stay informed about changes.
Credit Score Help: International Resources and Communities
Last but not least, look for online communities that can offer support and tips specific to your region. Forums like Reddit and Facebook groups are valuable sources of knowledge for expats and locals alike.
Conclusion:
Improving your credit score is a marathon, not a sprint. With patience, planning, and the right strategies, you can strengthen your financial position anywhere in the world. Start today and watch the results!
Frequently Asked Questions About Improving Your Credit Score
How long does it take to improve your credit score?
Significant improvements typically take 3-6 months of consistent positive behavior, though major negative items may take longer to overcome.
What is the fastest way to improve your credit score?
The quickest improvements come from reducing credit utilization below 30% and ensuring all payments are made on time.
Does checking your credit score hurt it?
Soft inquiries (checking your own score) don’t affect your credit score. Only hard inquiries from lenders impact it.
What is a good credit score internationally?
Good scores vary by country: USA (670-850), UK (881-960), Canada (660-900). Focus on your local system’s requirements.
Can you improve your credit score without a credit card?
Yes, through rent reporting, utility payments, personal loans, and alternative credit-building programs.