Pay all credit payments on time for at least 6 months. Pay down revolving debt to 30% of credit limit. The best way to improve your score is to pay all credit payments on time for at least 6 months and to pay down revolving debt to maximum 30% of the credit limit. If your credit limit is $1,000, for example, you keep your balance under $300. Each month, pay MORE than the minimum payment to your credit accounts. As you pay on time, and pay down your balances, you will see your score begin to build up.Other great tips are: DO NOT apply for any new accounts and DO NOT open new credit accounts. When you have your credit report run by a merchant, or when you open a new account, your score may drop down. It is tempting to buy things on credit, but don’t. If you cannot afford the item w...
Comments
4