2006-08-15 05:20:37 · 11 answers · asked by Anonymous in Business & Finance ➔ Credit
Paying your bills ontime all the time is a start. You may also want to look into how much credit you have. What I mean is if you have 3 credit cards and they are all maxed out that's bad. Generally credit companies would like you to not be over HALF on any account. So if you have a card with a $1000 limit, you should keep your balance below $500.
I've brought my credit score up about 100 points in the last year. It takes time, but it will happen.
If you don't have any credit cards, you should get a couple. To help you establish that you are reliable and responsible. That actually will increase your credit score too.
2006-08-15 05:28:06 · answer #1 · answered by goodlittlegirl11 4 · 1⤊ 0⤋
Pay your bills on time, and have a credit card or two that you pay off. If you have too many credit cards it will lower your score, so you have to watch how many you apply for. Also, the longer you have a card, and keep it in good standing, the better your score gets. If you have a car loan, that you keep current, your score increases.
2006-08-15 05:27:45 · answer #2 · answered by Froggy 3 · 0⤊ 0⤋
Close all unneccessary credit card accounts but keep a couple open (ideally the ones that have low debt to credit limit) to indicate that you can manage debt. Keep your credit card balances less than 30 percent of the limit. It's okay to have revolving credit, you just don't want the amount too close to the limit. Don't apply for any unneccessary cards that require credit checks. Too many inquiries on your reports can lower your rating. Request copies of your credit report from all three reporting agencies (in most states now, consumers are entitled one free report per agency per year). Review carefully and dispute any and all erroneous information (ie., credit limits reported, opened or closed accounts, etc.) If you do have a blip on your report, you are entitled to 100 word statement explaining why you, say, were late on a payment. Hope that helps.
2006-08-15 06:14:16 · answer #3 · answered by SAL 3 · 1⤊ 0⤋
I read credit reports all day with my job so I see alot of poor credit as well as good. Always Always Always pay your bills on time and try to pay more than the minimum due also over extending your credit even though your always on time will lower your chances of being approved for something and do not let to many people run your credit because that does take off points. Good Luck
2006-08-15 05:27:17 · answer #4 · answered by atm 2 · 1⤊ 0⤋
Being employed for the same employer for 2 years or more
Being in the same residence for 2 years or more
Owning your own home
Payment history on the debt that you now how
Income/debt ratio (What percent your debt is of your income)
Types of loans you have or have had, ie. credit card, installment etc.
These are some of the most prominent factors in your credit score.
2006-08-16 09:57:20 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Pay your bills on time, don't go over limit or max out your credit cards and don't over spend your budget.
2006-08-19 02:17:01 · answer #6 · answered by rainysnana 4 · 0⤊ 0⤋
Pay your bills on time and wait while your score goes up.
2006-08-15 06:30:40 · answer #7 · answered by eastgate 2 · 0⤊ 0⤋
Pay your bills on time.
2006-08-15 05:24:31 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Pay your bills on time and settle any old debits that have gone unpaid.
2006-08-15 05:26:34 · answer #9 · answered by eeeeeeeeclipse 4 · 1⤊ 1⤋
pat you bills
2006-08-15 05:55:15 · answer #10 · answered by jyd9999 6 · 0⤊ 0⤋