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How To Raise Your Credit Score
Filed under: Lending, Personal Finance, Young Adults, Adults, Retirees
1. Pay your bills on time. Responsibly paying your bills and repaying your loans is important to having a good credit rating.
2. Pay at least the minimum. Failing to pay at least the minimum amount required could cause your accounts to be marked past due, and that will make it less likely for lenders to view you as a worthwhile credit risk.
3. Keep your overall debt low. Creditors and lenders will view you very cautiously if they see you already have a lot of debt. They will be far less likely to offer you favorable limits and the lowest rates.
4. Limit your total number of credit cards. Owning too many credit cards is unwise. Lenders will look at how far into debt you may potentially find yourself if you get into trouble and "max-out" your credit limits.
