Improving your credit score is crucial when it comes to securing a better mortgage rate in Boston. A higher credit score demonstrates your financial responsibility and makes you a more attractive borrower to lenders. Here are some steps you can take to improve your credit score:

1. Check your credit report: Start by obtaining a copy of your credit report from a reputable credit bureau, such as Equifax, Experian, or TransUnion. Review the report for any errors or discrepancies that may be negatively impacting your score.
2. Pay your bills on time: Payment history is a significant factor in determining your credit score. Make sure to pay all your bills, including credit card payments, loans, and utilities, on time. Setting up automatic payments or reminders can help you stay on track.
3. Reduce your credit utilization: Aim to keep your credit utilization ratio below 30%. This means using no more than 30% of your available credit. For example, if you have a credit card with a $10,000 limit, try to keep your balance below $3,000.
4. Pay off debt: Reduce your overall debt by creating a repayment plan. Start by paying off high-interest debts first, such as credit card balances. Consider consolidating multiple debts into a single loan to simplify payments.
5. Keep old accounts open: Closing old credit accounts may seem like a good idea, but it can actually harm your credit score. Length of credit history is a factor in determining your score, so keep your oldest accounts open, even if you don't use them regularly.
6. Limit new credit applications: Applying for multiple lines of credit within a short period can negatively impact your credit score. Only apply for new credit when necessary and be mindful of the impact it may have.

Remember, improving your credit score takes time and patience. It's important to consistently practice good financial habits to see long-term improvements. For more personalized advice, consider consulting with a financial advisor or credit counseling service.

References:

• Equifax - https://www.equifax.com/personal/education/credit/score/improve-credit-score/
• Experian - https://www.experian.com/blogs/ask-experian/credit-education/improving-credit/improve-credit-score/
• TransUnion - https://www.transunion.com/credit-help/improve-credit-score