Most people know it’s important to have good credit, but they don’t want to spend too much time worrying about it. The good news is that you can be pretty lazy and still improve your credit.
Here are four lazy ways to start improving your credit.
1. Let Your Accounts Get Older
The age of your credit history accounts for roughly 15 percent of your overall credit score. The older your credit history, the more information the bureaus have about your habits, and account age goes to predictability.
2. Stop Searching for New Credit
Every time you apply for credit, a lender makes a hard inquiry into your credit. The number of inquiries can have a big impact on your credit.
3. Ride the Coattails of Someone With Good Credit
This trick doubles as a training tool. Parents often add their teenage children as an authorized user on a credit card to teach them about using credit responsibly.
4. Let Your Bank Make Payments for You
Paying your car loans, mortgages and credit accounts on time is the single most important factor in determining your creditworthiness. Since you are going to pay these bills anyway, set them up for autopay through your checking account.