Let’s face it—your credit score plays a big role in life. Whether you’re eyeing that dream home, upgrading your ride, or simply wanting better loan rates, a higher score opens more doors. And the good news? You don’t need months or years to see improvement.
At Mill Town Credit Union, we believe in practical, real-life solutions for real people. Here are five quick, impactful tips that can help you start improving your credit score within just one month—and they don’t require magic or money you don’t have.
1. Know Your Numbers (And What’s Hurting You)
The first step to improving your score is understanding it. Request a free credit report at AnnualCreditReport.com and check for any errors, late payments, or accounts in collections. Just spotting an inaccuracy and disputing it could give your score an instant lift.
Mill Town Tip: We offer free credit reviews for members. Our team can help you go through your report and come up with a personalized action plan.
2. Pay Down Credit Card Balances—Even Just a Little
Your credit utilization ratio (how much of your credit you're using compared to your limit) has a huge impact on your score. Aim to keep it below 30%, and if you can get it under 10%, even better. Even paying an extra $50-$100 this month can nudge your score upward.
Already carrying balances? Consider a Mill Town Credit Union Personal Loan to consolidate debt into one low-rate payment and reduce utilization.
3. Make Every Payment On Time—No Exceptions
Payment history is the #1 factor in your credit score. If you’ve had a late payment in the past, it won’t vanish in 30 days, but keeping everything current starting now will show a pattern of improvement. Set up reminders, calendar alerts, or automate what you can.
Behind on a payment? Call your creditor. Some may offer a one-time courtesy removal or help you get back on track without further damage.
4. Don’t Open or Close Accounts Right Now
It might seem like a smart move to open a new credit card to spread out your balance—or to close one you don’t use. Don’t. Opening a new account causes a hard inquiry and lowers your average account age. Closing an account reduces your available credit.
The best thing to do is leave your credit lines alone unless you’re consolidating or refinancing with better terms—like our Visa Credit Card with a 9.50% fixed rate.
5. Become an Authorized User (Yes, Really)
If a family member or trusted friend has a long-standing credit card with a low balance and excellent payment history, ask if they’d be willing to add you as an authorized user. You don’t even have to use the card—just being linked to that account can improve your credit profile.
Planning for a major purchase soon? Let’s talk about how improving your score now could mean lower rates on your next auto or home loan.
Ready to Make Your Credit Work for You?
Improving your credit doesn’t have to be overwhelming. Small, smart changes over the next 30 days can put you on a path to better rates, lower payments, and financial freedom. And Mill Town is here to help you every step of the way.
Reach out to us today to schedule your free credit review or to learn how we can support your financial goals: Contact Us.
Mill Town Credit Union—We’re not just local, we’re personal. Let’s build your better financial future together.