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9 Easy Ways to Improve Your Credit Score

October 12, 2006 By

9 Easy Ways to Improve Your Credit Score
Are you one of the millions that need to improve your credit score? If your credit score is below 800, you can improve it! It is not as hard as you may think.
There are 9 simple ways to not hurt your credit anymore!

We know credit scores inside and out. Let us show you the 9 easy steps to make your credit score higher, which in turn will put more money in your pocket!

Here are the 9 Credit score Building Tips:

  • 1. Order a copy of your credit report. Review it carefully. Correct any significant errors.
  • 2. Pay your bills on time.
  • 3. Don’t open a lot of new accounts over a short time period, especially if you have a short credit history.
  • 4. If you have a questionable credit history, open a few new credit accounts, use them responsibly, and pay them off on time.

  • 5. Shop for credit over a short period of time. FICO scores distinguish between searching for credit for a specific loan and searching for lots of different credit lines.
  • 6. Don’t open credit accounts you don’t intend to use.

  • 7. A credit card or installment loan can raise your score as long as you don’t have too high a balance and you pay it off in a timely manner.
  • 8. Keep your balance low in relation to your available credit. If your credit limit is $10,000, keeping your balance below $2,500 (25%) will improve your score.
  • 9. Pay off credit card debt rather than move it around to lower rate cards. Moving balances to other credit cards and closing out the old account can hurt your score because it can change the ratio of your total credit card balances to your total available credit lines.
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    Filed Under: Credit Cards, Credit Score, Loans, Misc, Save Money

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    1. 9 Ways to Improve Your Credit Score » My New Choice says:
      October 19, 2006 at 9:00 pm

      [...] Over at MoreMerchant, there is a nice article that details 9 easy ways that you can improve your credit score. 2. Pay your bills on time. [...]

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