How do I improve my credit score?
• Paying your bills on time is the single most important contributor to a good credit score. Even if the debt you owe is a small amount, it is crucial that you make payments on time.
• Minimize outstanding debt, avoid overextending yourself and applying for credit
Needlessly.
• Use the credit you already have to prove your ongoing ability to manage credit
responsibly. Applications for credit show up as inquiries on your credit report,
indicating to lenders that you may be taking new debt.
• If you do have negative information on your credit report, such as late payments, a bankruptcy, public record item or too many inquiries, your best strategy is to pay your bills and wait. Time is often your best ally in improving credit.
Disclaimer:
Credit bureau-