- Pay your bills on time
- Reduce your credit utilization
- Check your credit report regularly
- Consider opening new credit accounts strategically
- Keep old accounts open
Pay Your Bills on Time
Paying your bills on time is one of the most important factors in determining your credit score. Set up automatic payments or reminders to ensure you never miss a due date.
Reduce Your Credit Utilization
Try to keep your credit card balances low in relation to your credit limits. Aim to use no more than 30% of your available credit at any given time.
Check Your Credit Report Regularly
Regularly reviewing your credit report can help you identify and address any errors or issues that may be impacting your credit score. You are entitled to a free credit report from each of the three major credit bureaus once a year.
Consider Opening New Credit Accounts Strategically
Opening new credit accounts can increase your available credit and lower your credit utilization ratio. However, be strategic about it and avoid opening multiple accounts within a short period of time.
Keep Old Accounts Open
The length of your credit history is an important factor in your credit score. Keep old accounts open, even if you don't use them frequently, to demonstrate a longer credit history.