How to Raise Your Credit Score Quickly and Easily in Canada

Are you looking for ways to raise your credit score quickly and easily in Canada? You’re not alone—many Canadians want to improve their credit score but don’t know where to start. Fortunately, you can take some simple steps to increase your credit score relatively quickly. 

In this blog post, we’ll discuss the most effective ways to raise your credit score in Canada so you can get the best interest rates and loan terms available.

Paying Bills on Time 

Developing a habit of paying your bills on time is one of the most effective strategies for improving your credit score. Late payments negatively mark your credit report and can impact your credit health. Pay bills in full and on time to establish a positive payment history.

Lowering Your Credit Utilization Ratio 

Your credit utilization ratio is calculated by dividing the total amount of credit you use by the total credit limit available. Reducing your overall credit utilization ratio is critical to achieving a better score. Keep this ratio below 30%, as lenders view excessive debt as risky.

Dispute Any Errors on Your Credit Report 

Check your credit report for any errors or inaccuracies. Even a tiny mistake can significantly impact your credit score, so it’s important to dispute any discrepancies immediately. Communicate with the appropriate organizations or creditors and provide any necessary documentation to help correct the issue. 

Consider a Secured Credit Card 

If you have bad credit, applying for a secured credit card may be worth considering. Through a secure card, you must put down a deposit equal to your desired credit limit, which is then used as collateral if you fail to make payments. Although it requires some upfront effort, this strategy can help you build or rebuild your credit score.

Become an Authorized User on Someone Else’s Account 

Making yourself an authorized user on someone else’s account can help you better your credit score. You will be added as a secondary user to the current version. As an authorized user, you can profit from the primary account holder’s good payment history and positive repayment behaviour. When the primary cardholder pays off their credit card balance on time, it shows up on their credit report and raises their credit score. 

Avoid Applying for New Credit Cards or Loans 

Applying for numerous new credit cards or loans simultaneously can harm your credit score. Every time you register for a new credit card or loan, the creditor conducts a hard inquiry, which can lower your credit score. Limit your applications for new credit accounts to improve your credit score, and apply only when essential. 

Monitor Your Credit Report Regularly 

Regularly monitoring your credit report can help you stay informed of any changes or inaccuracies that could affect your score. Many banks and financial institutions provide free access to their customers’ credit reports, so check in regularly and review all information carefully. 

If you notice anything unusual, contact the reporting agency immediately to correct it quickly and keep your credit score healthy.


Raising your credit score quickly and easily in Canada requires understanding how credit works and taking steps to reduce debt, make timely payments, limit credit applications, and monitor your credit report. You can quickly increase your credit score by making responsible financial decisions and breaking down the process into manageable steps.

Get the financial support you need today with 365 Loans Canada’s low-interest online loans. Apply now and take advantage of our competitive rates and flexible repayment options. Don’t wait. Start your application and get the necessary funds!

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