7 Essential Ways: How To Raise Credit Score By 200 Points

So, here is how to increase your score by 200 points or higher.

To boost your credit score by 200 points is possible. All you need is a game plan that you commit to executing in a realist timeframe. 

Things can be done fast but not unrealistically fast. Credit scores don't increase the second you realize you need to apply for a car loan, credit card or mortgage.

You need a few days just to get your “ducks in a row” (documents, files, money, etc.) For most, between work, family and other responsibilities, gathering this information and coming you with a plan may take a week. 

Even when you hire credit repair companies, which will speed things up, you still need more than 30 days. Nothing of substance happens overnight.

Related: How To Raise My Credit Score 50 Points

how fast can i raise my credit score 200 points

How To Raise Credit Score By 200 Points

All in all, it depends on your situation. Some credit professionals will say it can be done in 2 months, maybe even 3 months. The time will vary, but what you should never aim for a month. 

If you decide to seek assistance from a pro, take advantage of the free consultation and explain your goals to the representative.

Firsts things first, get your credit report. You need to know what’s on it in order to create the best plan to raise your credit score by 200 points. Going from 500, which is deemed as a poor score by Fair Isaac Corporation (FICO), to a 700 is not the easiest feat. 

You can get someone to pull it for you or you can do it yourself. Either way, get to know your credit report intimately. 

From there you can start implementing smart habits with the goal of boosting your credit score asap. The 1st is ‘pay bills on time’

Related: Auto Loans for 600 FICO Score

Want Help Removing Items Off Your Credit Report?

7 Ways To Raise Your Credit Score

1. Pay bills on time

No more late payments. This is a given but just in case you’ve fallen off the wagon, it's time to get back on it.

And stay on it. Make sure you are current with all your accounts. Your record of on-time payments is 35% of your FICO score. That’s a good chunk. 

The easiest way to make sure your bills are paid on time is to set up an automatic transfer. If you know you have issues with keeping up with your finances, automatic transfers may not be the answer for you.

Also, be sure to:

2. Call On Experts (Most Offer Free Consultation Before Deciding To Join)

Get pros like the team over at Ovation Credit Repair help with removing negative items on your credit report. 

Credit repair companies find inaccuracies in credit reporting and use this to your benefit a.k.a dispute negative marks from lenders and collection agencies. 

Backed with time, experience and the fair credit reporting act, they can help you increase your score. 

Take advantage of their free consultation and make sure to ask how they can help your specific situation. Most companies can help with collections, late payments, and repossessions

The most common issues that can be removed are errors (you can do this yourself or hire someone to do it). 

Inaccurate info on your credit report is one of the top complaints received by the Consumer Financial Protection Bureau (CFPB), so these can be the first things to go and increase your credit score.

Here are the most common inaccuracies:  
  • Personal Info Errors: You or a credit agent will check for wrong aliases, names, addresses, and phone numbers. They make sure that all accounts reported on your credit history are yours. If you have been a victim of identity theft, you might find accounts that do not belong to you. 
  • Balance Errors: Verify that all balances and credit limits listed on the report are correct.
  • Errors in Account Status: Ensure that the reports are accurately reflecting the status of your accounts. For example, you may find inaccuracies related to overdue and delinquent payments or closed accounts reported as open. You’ll also want to double-check that each debt is only listed once.

Related: Does Pay-For-Delete Increase Credit Score

3. Pay Down Balance To Adjust Credit To Debt Ratio

Start paying down your credit and personal loan debt. If you are already paying down debt, change to an aggressive or direct strategy. Start paying down/off the lowest line of debt or pay down to a 20% debt to credit ratio. 

To be clear: You don’t want to pay off all your credit cards. You want to keep a balance to continue with monthly payments (of course, paying on time) which is positive on your credit report/scoring.

Related: Raise Credit Score 100 Points Overnight?

Need to clean up errors on your credit report? Click here to use this form to ask a creditor to take the necessary steps in order to clear up errors on your credit report.

4. Keep Credit Lines Open 

Age of credit (AOC) makes up 15% of your FICO score. When you pay off a credit card do not close the line of credit.

According to Experian, "Closing an account with a long positive history may not always be the best action to take for your credit scores."

It’s ok to cut them up to reduce the temptation of spending what you don’t have. You want to keep unused credit cards open so it helps with your credit utilization ratio (it's responsible for 30% of your FICO score) and AOC. 

The only reason to close a credit card once it’s in good standing is to avoid annual fees.

5. get a limit increase 

Once you are current and have your credit to debt ratio at a 30%-40% standing, ask for a credit increase. Do this every few months, even after you reach your goal of 200 points. 


It will lower your credit utilization ratio. The more credit you have and the less of it you use for an extended period of time, the better you look to creditors. 

This tactic is not for the faint of hearts, you have to make sure you aren’t spending the credit increase or continue to be consistent with your payments.

Also related to "How To Raise Credit Score By 200 Points" is how to Get Rid Of Credit Inquires using paid services.

6. Consider A Credit Builder Loan

Lenders like to see that you can manage revolving and non-revolving credit lines.
  • Revolving Credit: Credit Cards 
  • Non-Revolving: Mortgage Loans

Definitely consider a non-revolving, credit builder loan to add some diversity to your overall credit report. A non-revolving loan can also be called an installment loan.

Attaching an installment loan to your credit report will attribute to 2 FICO factors: New Credit and Credit Mix, which both account for 10% of your credit report.

The loan doesn’t have to be huge, it can be a loan to cash that you can spend on anything or you can find a low-interest personal loan for the sole purpose of boosting your credit score 200 points.

Remember, the name of the game is 'no more late payments'. Consistency is key.

Related: Options For Debt Consolidation

7. Credit Tracking Service

Choose a credit tracking service you can find a free on like these two. Also, many credit repair services provide credit tracking to clients.

Tracking your credit is important simply so you can keep up with all the changes you’ll be making. You'll be able to see what works and what doesn’t work.

Benefits of credit tracking are:
  • Making sure information is accurate 
  • Know where you stand
  • Knowing what helped or hurt your credit
  • Helps you to act quickly 
  • Know as soon as you can qualify for a new loan or credit card offers

In Conclusion: Get Started ASAP

Be consistent with whatever path you choose to take. Learning how to increase your credit score by 200 points is step one in a long line of steps. 

It will take time but it will be all worth the money and elbow grease.

Eventually, you will get to your desired score, whether it is an increase of 50 or 250 once you get there the leverage is better than money. 

The most important thing is that you’re taking action. Your credit score will go up and down through this process but stick to it!

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James Willaims

Hey There, James here. I am the co-founder and editor of this site. I have over 10 years experience in business and 5 in the credit repair world