How to improve your credit score

 Improve Credit Scores Payment History Category

  • Pay on time, no magic secret here
  • If you can’t pay on time, notify your lender that you need to work something out
  • Get current on past due accounts

 Improve Credit Scores – Amounts Owed 

  •  Keep low balances relative to your credit limit – 35% or lower is best.
  • Don’t open new accounts just to lower your used credit capacity – having too much capacity is a risk too

 Improve Credit Scores – Length of Credit 

  • Consider keeping old accounts open if you’ve been a good borrower
  • Start building your credit as soon as possible

 Improve Credit Scores – New Credit 

  •  When shopping for new credit, keep it all within a short time frame such as 14 days or less
  • Borrowers with a bad history can improve credit scores by opening a new account and managing it