ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

How To Improve Your Credit Score Without A Credit Card

Updated on June 14, 2013

Credit scores are one of those mysterious but all important numbers assigned to every person with a government ID. The actual mathematical process used to come up with your personal number is not disclosed to the general public. We do however, know some of the factors that are taken into account by the credit score programs.

If you are having trouble obtaining a credit card because of your credit score then there are a few things you can do.

Steps you can take to better your credit score

  1. Obtain a copy of your credit report and review it carefully for errors. If you find anything that is not right then take the necessary steps to correct them. A bunch of small errors could result in much bigger negatives when determining your credit score.
  2. Stop applying for credit cards and loans. When you make several applications in a short time period it may portray a certain amount of financial difficulties on your part and therefore make you seem more of a risk than you may be.
  3. Approach your bank about a credit card. Your bank has access to your personal, financial information and may consider you less of a risk than someone just looking at your credit score.
  4. You may be able to improve your credit score by demonstrating permanence. Obtain full time employment, purchase a home (or rent in your name), make sure you are on the voters list, get married, sign up for home utilities in your name - and put the deposit down.
  5. Pay you bills on time - every time. Your payment history factors into your credit score so make sure you pay in full and on time.
  6. Try to carry less than half the debt you've been approved for. For example, if you have a credit card with a limit if $5000 try not to carry a balance of more than $2000 before paying it off.
  7. Avoid multiple credit score checks by lending institutes, department stores (for their line of credit) or credit card companies. It tends to show desperation on your part.
  8. The older your accounts are the better. Length of credit history is directly related to how old your financial accounts are. If you need to open a new account then do it but keep the older accounts active as well.
  9. The variety of credit accounts you hold. A good credit mix (like a car loan plus a bank loan plus a mortgage) demonstrates you have the ability and experience to handle a variety of debt.
  10. Obviously, foreclosure, bankruptcy and defaulting on loans are very bad for your credit score. It is even worse if the courts get involved. Take steps to avoid this. See a debt counselor or even your bank for options - before your credit score is damaged.
  11. Carry some debt. While having to much debt can be bad for your credit score, having no debt can be just as bad. If you carry no debt you have no debt history to be considered when determining your credit score. It can also demonstrate a lack of debt experience - whether accurate or not.

Improving your credit score can be very difficult especially if you've never had a credit card or personal loan.

You may need to dig a little deeper and find a credit card company that specializes in 'first time' card holders until your credit score improves. Your bank may also have some services available that will help you build a credit history.

As a last resort (or perhaps first) you could have a relative or friend co-sign a loan for you. This may put a strain on your relationship with the co-signer so consider this option carefully before approaching him/her and above all make certain you can pay the loan back.

The most important thing to remember about credit scores is that they are just a number. You need to make sure the information being used to find that number is accurate. Your data is collected from several different sources many of which are done manually. Mistakes do happen. Review your credit report at least once a year and make the corrections.

It takes time to improve a credit score but if you pay your bills on time, in full, every time you are on your way. Show that you are not a vagrant by being on the electoral list, having a full-time job and owning or renting your own place and you'll get their even faster.


    0 of 8192 characters used
    Post Comment

    No comments yet.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)