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Improving Your Credit Rating

How do you improve credit score?


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Wiki User
September 10, 2017 12:09AM

You may improve your credit score by:

1. Paying your bills on time

2. Keeping your credit card utilization rate at 20% or less.

(Example: If your credit card limit is $1,000, your balance shouldn't be more than $200)

3. Keep a good mix of installment and revolving loans

4. Don't close any old accounts. (even if they are not being used)

5. Limit your credit inquiries to 1 every 6 months.