January 19, 2007, Newsletter Issue #45: Raising your credit score

Tip of the Week

There are useful things you can do today to to maximize or improve your credit score. Here are some ideas for building the highest credit score:

* Pay your bills on time.

* Get current with past due payments and stay current. Your credit score is based on your history of paying your bills responsibly each month.

* Keep balances low on credit cards, credit lines, and other revolving credit.

* Don't close unused credit cards as a short-term strategy to raise your credit score.

* Limit the number of new credit cards.

* If you are a new credit card holder, don't apply for too many credit cards at once. This could lower your credit score.

* Apply for and open new credit accounts only as needed.

* Have credit cards - but manage them responsibly.



About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Not finding the advice and tips you need on this Credit Report Tip Site? Request a Tip Now!


Guru Spotlight
Sherril Steele-Carlin