Improving Your Credit Score

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If your credit score is lower than you'd like it to be don't worry, credit scores can be improved. Here's what you can do:

Pay your bills on time. It's the best way to keep your rating high.

Get up to date on missed payments. Once you're current, stay that way.

Keep credit card balances low. Large balances will have a negative impact on your score.

Eliminate debt. Pay down revolving credit such as credit cards. Consolidating into fewer open accounts can help too.

Don't close unused credit cards to raise your score. Frequent closing and opening of accounts is often a sign of a problem.

Too Many Open Accounts - Too Fast. Do not open to many accounts or obtain various credit cards too fast. Specially if you're relatively new to credit. Too many inquiries hurts your score.

Credit problems? Reestablish good credit. The sooner you begin acting responsibly, the sooner your credit score will improve.

Check your own credit. Order your credit report directly from the credit reporting agency or through an organization authorized to provide credit reports to consumers.