One effective way to quickly boost a friend's credit score is to focus on improving their credit utilization ratio. This can be done by paying down their credit card balances or increasing their credit limits. By keeping their credit utilization ratio low, your friend's credit score is likely to improve. Another strategy is to make sure they are paying all their bills on time, as on-time payments are a significant factor in determining their credit score. Additionally, it's essential to check their credit report for errors and dispute any inaccuracies, as this can also negatively impact their credit score.
Another way to improve your friend's credit score is to consider adding a new credit card to their portfolio. By doing so, they can increase their available credit while continuing to build a positive payment history. Additionally, it's essential to space out their credit inquiries over time, as applying for multiple credit cards or loans in a short period can negatively impact their credit score. Lastly, it's important to keep in mind that improving credit takes time, so it's essential to start working on it as soon as possible.