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Can My Credit Score Raise Up by 100 Points in a Month?

Can My Credit Score Raise Up by 100 Points in a Month?

Would you love to raise your credit score by 100 points? If you’ve ever tried to buy a car, a house, or apply for a credit card, you understand how useful your credit score is. However, life places you in a situation where your credit score is lower than you need to be approved for financing. A low score can limit your loan options and result in higher interest rates. This article will answer the question of whether you can raise your credit score by 100 points in a month or not at all.

What is a Credit Score?

A credit score is a 3-digits number that represents your creditworthiness. Your credit score is often used by businesses to decide whether or not to grant you credit, as well as to calculate the interest rate you will have to pay back to the lender for any borrowed funds. A high credit score in Canada shows Canadian lenders that you are trustworthy.

There are various scoring models, and some of them compute your credit score using information about you personally. In Canada, Equifax or TransUnion use the details on your credit report to calculate your credit score.

Have you ever wondered how Canadian credit scores are ranked for risk? Take a look:

  • Excellent Credit Score — 750+
  • Good Credit Score — 700 – 749
  • Fair Credit Score — 650 – 699
  • Poor Credit Score — 600 – 649
  • Bad Credit Score — Below 599

Can My Credit Score Raise Up by 100 Points in a Month

Experts say it’s possible, but highly unlikely to do so in a month. Credit scores take time to develop. Getting up the ladder of a good or excellent credit score requires a lot of sound financial judgment. But we can show you how to get there.

Although there isn’t a quick fix for raising credit scores, the following suggestions listed below will help you increase your score by 100 points in Canada:

Pay your bills on time

Pay your bills on time

Do you regularly forget to make credit payments? How do you feel knowing that a missed payment has an impact on your credit score? A terrible feeling!

To ensure that you pay your bills on time, you can take certain steps. You can install a mobile app that helps you keep track of your bills or set up an autopay through your bank or credit card company.

You can also create a reminder using your digital calendar. Paying your bills on time is essential if you want to raise your credit score by 100 points because it stops your credit score from declining.

Keep your good credit history

Your credit score rises with a strong history. Closing a credit account indicates that you lack credit management skills, which damages your report and lowers your score.

Do not close your unused credit accounts right away if you want to raise your credit score by 100 points. Keep credit cards open even if you don’t use them often, and keep a record of fully-paid old debts on your credit report. It’s a smart move to raise your credit score.

Spend  below your credit limit

Your credit score can go up by using less credit than you have access to. Your credit scores are significantly impacted by how effectively you manage your available credit.

If you have a set credit limit, make every effort to spend less in order to lower your credit utilization rate. The majority of creditors look at your available credit on your cards as well as your spending history. It’s best to use no more than 30% of your credit line.

Always review your credit report

Always review your credit report

Review your credit report carefully. Keep an eye out for any errors, and if you find any, don’t be hesitant to ask the credit bureau to correct them. Errors like a report of a paid bill showing unpaid, or missed payment that you didn’t actually miss, a wrong address etc, should be corrected.

Pay off all of your debts

For each credit account, estimate your debt and create a payment schedule. There are many ways to contribute to your monthly debt repayment.

The debt snowball method can be used to start by paying off small debts. Additionally, paying off debts with the highest interest rates first also helps in the debt payment strategy. Avoid bad debts, such as accounts sent to collection agencies, as this will harm your credit.

Only seek out new credit when absolutely necessary

Try your best to only apply for new credit cards when you actually need them. Your credit score is improved by having a few credit cards. Lenders view frequent credit applications as risky behavior, which raises a red flag. Make sure you need the card before applying for one.

Diversify your credit accounts.

Your ability to manage credits is demonstrated by having a mixed credit. You should have various types of accounts in your report. Before extending your new credit, some lenders prefer to see that you already have a variety of credit types. However, don’t take out a loan just to mix up your credit.


The tips mentioned above in this article will help you if you’re looking for a way to raise your credit score. Never give up despite a poor credit score. Don’t miss any payments, pay off your debts on time, and check your credit report for errors. If you discipline yourself to maintain a good credit score, chances are it will rise by 100 points or more.

If you have problems paying off your debts, you can reach out to our debt experts at EmpireOne Credit Solutions, to consult on which solution would be best for you. We give  advise on how to raise your credit score, explain debt solution options like a consumer proposal, debt consolidation, and bankruptcy. Book a free consultation with us today!

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