How can i improve my credit score?

My credit score isn't real good right now because I made a bad decision, but what can i do to improve it?

1) pay your bills, (on time) very simple huh???? doesn't take a genius to figure that one out..... only time and good payment history will fix what you muffed up....

2) paying your bills on time is the best thing you can do, here is an article that has a few other tips on improving your credit score http://www.monitorbankrates.com/how-to-build-maintain-and-repair-your-credit

3) I heard this on the radio once from a financial expert. If you can you get a credit card and I suppose even a pre-paid credit card but better if you can get a credit card even if it has a ridicules interest rate as your not going to pay it anyway. Each mouth spend at least £50 or $100 if in America and set up a direct debit so you are never going to miss a payment. After a year your credit rating will go up according to the expert.

4) To Repair credit score Your credit score is based mostly on: 1. Length of credit history 2. Payment history. 3. Ratio of credit used to available credit. 4. Number of credit inquiries you authorized. If you cancel your card, you'll be hurting your credit ratio. (#3). You want to deliberately keep your oldest credit card open, even if you never use it. You want to always pay the minimums of each loan on time every month. You want to keep your available credit high, but actually only have balances equalinig 25% or less. You want to keep your credit inquiries to a minimum. Try for no more than 3 or 4 per year for any type of loans. You do these things and your credit score will quickly soar into the 700s. ------------------------------------------------- http://www.loansandinsurances.com/

5) Here is what you can do: - Do not request new credit at all. - Maximize the payments on your current debts - Check your credit report, verify that it contains correct information on payments.



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