How To Improve Your Credit Score

If you have recently looked at your credit score and it isn’t as high as you thought it would be, here are some helpful tips for helping to improve your credit score. First and foremost, when you receive your credit score, you should check that all the information on it is correct. After doing this and all the information is correct, you should have a careful look through it to see which factors are having a negative impact on your score and then use this information to help work to improve it.
 
Here are some helpful tips for improving your credit score: 
1. One of the most important things is to always make sure you pay your bills on time. While some companies like your utilities (cable & electricity) are not recorded in your credit report, some cell phone companies may report late payments to credit-reporting agents. These will affect your credit score. 
2. Try to pay your bills in full by the due date. If you are unable to, make sure you are paying the minimum payment, as this will show up on your monthly credit card statement. 
3. Pay off your debts as soon as you can. 
4. Try to not go over your credit card limit. It is best to keep your balance well below the limit. The higher the balance remaining on your credit card, the more impact it will have on your credit score. 
5. Reduce the amount of credit applications you make. If too many lenders are asking about your credit over a short period of time, this may result in a negative impact on your credit score. But don’t worry, your score will not change if you are asking about information on your own credit report. 
6. Have a credit history. One of the reasons you may have a low score is because you don’t have a record of owing money and then paying it back. One of the easiest ways to build your credit score is to obtain a credit card.