Credit Score Basics

Improve Your Credit Score

To improve your credit score, pay bills on time, do not apply for credit too often. Do not have too few or too many open credit accounts. Pay off balances on credit cards frequently. Don't let accounts go to collection. Try to dispute and have removed any derogatory information that is incorrect.

Too Much Credit And Your Credit Score

Just because you are receiving credit card offers in the mail does not mean that you can afford that credit card. You have been prescreened, but they don't look at your future ability to pay, whether your income has changed, whether you are too far in debt already, they are mostly looking at your credit score which reflects past payment history, bankruptcy....You need to be the one in control.

No Credit and Your Credit Score

If you have no credit, your credit score may be low or the report will come back saying "no file". It is important to establish credit and start building a credit history. A few credit cards are ok, a mortgage payment or car payment are enough to get you on the way to a good credit score.

Get My Free Credit Report