- Pay your bills on time. Creditors are very interested in how reliably you are in paying your bills.
- Get credit for making utilities and cell phone payments on time. Consumers are allowing Experian to access your bank account to identify utility payment history. Visit Experian.com/boost now to register.
- Pay off debt and keep balances low on credit cards and other revolving credit. The credit utilization ratio is an important number in credit score calculations. It is calculated by adding your credit card balances at any given time and dividing by your credit limit. Lenders like see a low ratio of 30% or less.
- Apply for and open new credit accounts only as needed.
- Don’t close unused credit cards. Closing unused accounts may increase your credit utilization ratio.
- Don’t apply for too much new credit, resulting in multiple inquiries.
- Dispute any inaccuracies on your credit reports. You should check your credit reports at all three credit reporting bureaus for any inaccuracies.
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