Home > Credit Score > How Can Someone Turn Fair Credit Into Good Credit?

Comments 0 Comments

If you’ve taken the time to have a close look at your financial situation and determined that your credit score, while acceptable, isn’t quite where you’d like it to be, you might be wondering about ways you can go about improving it.

[Featured Products: Compare credit score, report, and monitoring plans at Credit.com]

It’s usually not that difficult to turn a fair credit score into a good one, but it does take some time and attention. If your credit score is fair, it’s usually because while you have some good habits overall, you may have made a few missteps here and there along the way, and it can be helpful to look closely at your old financial documents to determine exactly what they were.


Credit.com’s Credit Report Card
Check your credit bureau profile for free with this great tool. See your detailed credit evaluation, expert advice on managing your credit, and unlimited free updates every 14 days.
Get Started Here »

For example, if you have missed just one due date on a credit card bill, even if it’s just by a single day, your score might have taken a significant hit that can take months of on-time payments to mitigate. But unfortunately, a series of on-time payments is the only way to repair the damage done by a missed deadline, so you’ll have to be conscientious in making up that mistake.

[Free Resource: Check your credit for free before applying for a credit card]

Another reason many consumers have average credit scores instead of good ones is that they put too much on their credit cards. The amount of your total available credit limit that you use at any given time is the second-largest factor in determining your credit score, so if you’re carrying more debt than you should from one month to the next, your credit score will suffer. Fortunately, the obvious quick fix with this consideration is to simply start paying more into your outstanding balance every month so that your debt comes down more quickly. This will also have the added bonus of helping you to save money in the long-run. Experts recommend that you carry a maximum of 30 percent of your total balance if you want to max out this aspect of your score.

[Credit Check Tool: Try Credit.com’s Free Credit Report Card]

Of course, you should also try avoiding opening new lines of credit if you want your score to improve, because the average age of your various accounts, in addition to whether you’ve applied for new accounts in the past few months, are also important factors in determining your rating.

A lot of what determines your credit score is common sense, so if your review of your finances turns up any worrying factors, working to fix them will almost certainly help.

Image: kevin dooley, via Flickr

Comments on articles and responses to those comments are not provided or commissioned by a bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by a bank advertiser. It is not a bank advertiser's responsibility to ensure all posts and/or questions are answered.

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

Credit.com receives compensation for the financial products and services advertised on this site if our users apply for and sign up for any of them.

Hello, Reader!

Thanks for checking out Credit.com. We hope you find the site and the journalism we produce useful. We wanted to take some time to tell you a bit about ourselves.

Our People

The Credit.com editorial team is staffed by a team of editors and reporters, each with many years of financial reporting experience. We’ve worked for places like the New York Times, American Banker, Frontline, TheStreet.com, Business Insider, ABC News, NBC News, CNBC and many others. We also employ a few freelancers and more than 50 contributors (these are typically subject matter experts from the worlds of finance, academia, politics, business and elsewhere).

Our Reporting

We take great pains to ensure that the articles, video and graphics you see on Credit.com are thoroughly reported and fact-checked. Each story is read by two separate editors, and we adhere to the highest editorial standards. We’re not perfect, however, and if you see something that you think is wrong, please email us at editorial team [at] credit [dot] com,

The Credit.com editorial team is committed to providing our readers and viewers with sound, well-reported and understandable information designed to inform and empower. We won’t tell you what to do. We will, however, do our best to explain the consequences of various actions, thereby arming you with the information you need to make decisions that are in your best interests. We also write about things relating to money and finance we think are interesting and want to share.

In addition to appearing on Credit.com, our articles are syndicated to dozens of other news sites. We have more than 100 partners, including MSN, ABC News, CBS News, Yahoo, Marketwatch, Scripps, Money Magazine and many others. This network operates similarly to the Associated Press or Reuters, except we focus almost exclusively on issues relating to personal finance. These are not advertorial or paid placements, rather we provide these articles to our partners in most cases for free. These relationships create more awareness of Credit.com in general and they result in more traffic to us as well.

Our Business Model

Credit.com’s journalism is largely supported by an e-commerce business model. Rather than rely on revenue from display ad impressions, Credit.com maintains a financial marketplace separate from its editorial pages. When someone navigates to those pages, and applies for a credit card, for example, Credit.com will get paid what is essentially a finder’s fee if that person ends up getting the card. That doesn’t mean, however, that our editorial decisions are informed by the products available in our marketplace. The editorial team chooses what to write about and how to write about it independently of the decisions and priorities of the business side of the company. In fact, we maintain a strict and important firewall between the editorial and business departments. Our mission as journalists is to serve the reader, not the advertiser. In that sense, we are no different from any other news organization that is supported by ad revenue.

Visitors to Credit.com are also able to register for a free Credit.com account, which gives them access to a tool called The Credit Report Card. This tool provides users with two free credit scores and a breakdown of the information in their Experian credit report, updated twice monthly. Again, this tool is entirely free, and we mention that frequently in our articles, because we think that it’s a good thing for users to have access to data like this. Separate from its educational value, there is also a business angle to the Credit Report Card. Registered users can be matched with products and services for which they are most likely to qualify. In other words, if you register and you find that your credit is less than stellar, Credit.com won’t recommend a high-end platinum credit card that requires an excellent credit score You’d likely get rejected, and that’s no good for you or Credit.com. You’d be no closer to getting a product you need, there’d be a wasted inquiry on your credit report, and Credit.com wouldn’t get paid. These are essentially what are commonly referred to as "targeted ads" in the world of the Internet. Despite all of this, however, even if you never apply for any product, the Credit Report Card will remain free, and none of this will impact how the editorial team reports on credit and credit scores.

Your Stories

Lastly, much of what we do is informed by our own experiences as well as the experiences of our readers. We want to tell your stories if you’re interested in sharing them. Please email us at story ideas [at] credit [dot] com with ideas or visit us on Facebook or Twitter.

Thanks for stopping by.

- The Credit.com Editorial Team