Credit scores are constantly changed and re-calculated and anything you do financially can impact it, both positively or negatively. Here’s a list of a few ways you can (dramatically) improve your credit score.

1. Review your credit report

It’s not uncommon for credit score reports to contain errors. Make sure you double check it and fix any mistakes as it may impact your overall credit score significantly.

2. Pay your bills on time

This is also an extremely important things to watch out for when trying to improve your credit score. Paying your bills frequently and in full amount can go a long way in improving the credit score. If you have the means then make sure your debts are always paid. Although it will not improve your credit score over night, in a few months you should see a dramatic change.

3. Reduce your balance on credit cards

Reducing the balance on your credit cards to 75% or less of the available credit will also affect your credit score. 25% is a preferable amount, although no debt is always best.

4. Keep old credit cards and accounts

Creditors will always look into your financial history, so even if you’re not using that old credit card you may get a better credit score. Pay a small amount every few months with that credit card and as soon as the statement arrives pay it in full.

5. Don’t make unnecessary credit report inquiries

Frequent inquiries into your credit reports will lower your score. Do note if you’re looking for a best deal for a loan make sure to have all your inquiries within a week or two as they will be counted as only one inquiry.

6. Pay down your credit cards

When improving your credit score the best strategy is to pay down credit cards which are closest to their limit, rather than the typical advice to pay those with highest rates.

These are just six tips but can go a long way in improving your credit score. Make sure you always keep them in mind!