Your credit score is a vital factor that determines the interest rates you’ll receive on loans, credit cards, and other forms of borrowing. A higher credit score not only opens doors to better loan rates but also signifies your financial responsibility. If you’re looking to boost your credit score to secure more favorable loan terms, here are some proven strategies to consider:

1. Check Your Credit Report Regularly

Start by obtaining a copy of your credit report from major credit bureaus such as Equifax, Experian, and TransUnion. Review the report for any errors or discrepancies that could be dragging down your score. Dispute any inaccuracies and work to have them corrected to reflect your true creditworthiness.

2. Pay Bills on Time

Timely payment of bills, including credit card payments, loan installments, and utility bills, is crucial for maintaining a healthy credit score. Set up reminders or automatic payments to avoid …