7 Ways To Raise Your Credit Score

The good news is that you can increase your by doing all (or some) of the following 7 things:

1. Avoid applying for credit much too frequently.
   Too many applications for credit will lower your credit score, whether or not you get the loan. Raise your by minimizing the number of times you apply for credit.
   
2. Always pay all your bills on time.
   Besides incurring needless late fees and penalties, your creditors will report your bad habits and it will result in a lower credit score. Raise your by paying on time.
   
3. Avoid high outstanding balances.
   Even if you pay your bills on time, if your credit cards are maxed out each month, this will lower your credit score. Raise your by keeping balances low.
   
4. It's never too late to catch up on missed payments.
   You'll take a hit for being late, but it's not going to be as bad if you pay sooner rather than later. Raise your by paying late bills now. Today.
   
5. Avoid closing unused accounts or credit cards.
   If you have fewer sources of credit, you will not raise you credit score. The opposite will happen: your will actually be calculated downward.
   
6. Avoid opening unnecessary accounts.
   The opposite of #5 is not good either: you won't raise your by increasing the number of credit cards you have. This strategy can actually lower the score.
   
7. Have some credit accounts in your name.
   "No credit" can mean you are a credit risk. Maintaining a small number of credit cards showing a good credit standing will raise your credit score. Having reasonable balances can help raise your credit score.