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The other way to improve your debt-to-credit ratio is to increase the amount of credit you have available. To do this, you would need to contact your lenders and ask them to raise your limits. This can work if you have a great history of making your payments on time and never exceeding your limits. If not, you’ll be out of luck.
Get a secured card
Another way to improve your credit is to get what’s called a secured card. This is one where you deposit money into a savings account. The more money you deposit, the higher will be your credit limit. You can keep using the card so long as you continue depositing money. If you use it sensibly this will be reported to the credit bureaus and will eventually have a positive effect on your score. If you use the card judiciously for a year, the bank may offer you an unsecured card, which would definitely have a positive effect on your score – so long as you use it wisely.
Some other tips for improving your credit score
• Pay all your bills on time all the time
• Keep the balances low on your credit cards and other revolving types of credit
• Understand that if you close an account this doesn't make it go away.
• Don't close credit cards you are not using as a short-term way to raise your score.
• If you have been using credit for a only a short time, don't open a lot of new accounts too quickly
• Have you missed payments? Then get current and stay current.
• Don’t apply for new credit accounts unless you absolutely need them.
• Be aware that if you pay off a collection account this does not remove it from your credit report.
• Pay off debt instead of just moving it around
Here’s a video with 5 more tips for raising your credit score.