👉 Get your free credit report and understand the factors affecting your score via CreditHero Club!
You can improve your credit score by cultivating good financial habits. You should:
- Pay bills on time (indicating good financial management habits)
- Maintain a low balance
- Pay off high-interest debts first (reducing debt can improve your credit score, immediately compare balance transfer plans)
- Monitor your credit utilization (high credit utilization can lower your credit score)
- Regularly check your credit report and correct any errors (incorrect information could lower your credit score)
- Check your credit score before borrowing (understand the best rates you should be eligible for)
- Compare loans, credit cards, mortgages, and other credit products (providing your ID number for price comparisons or quotes can affect your credit score.
You should not:
- Default on debt
- Only make minimum payments (this indicates financial strain)
- Only use cash (this doesn’t leave a good credit record)
- Apply for too many credit cards in a short period (this suggests urgent need for funds)
- Compare credit card offers and only apply for the ones that suit your needs, reducing the chances of your credit score being lowered.
If you encounter login issues, technical problems with the Credit Hero service, or need to update your personal information within the Credit Hero service, please contact our dedicated support team at: creditheroclub@support.moneyhero.com.hk
For any inquiries directly related to your credit report, credit score, or if you need to update personal information on your TransUnion credit report, you will need to contact TransUnion directly for assistance. They are the custodian of your credit data.