How can I improve my credit score?
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I have two credit cards and I have a student loan. I have had them less than six months. I have been making on time payments in full. So, every month my credit card balances have been zero and my student loan payments have been on time. I know I have fair credit, and it would have been higher but I applied for several credit cards before getting the two I have now. I will have one payment ( about 30 days) on my record. But it will be paid off in full. So, are there any other ways that I can improve my credit score besides paying my bills on time (already do except for that one month) and going onto someone elses credit card (impossible for me).
How can I improve my credit score?1. There are a few things involving your credit score you can't do anything about. One of them is time. The length of your credit history goes into your score. So the first thing on your credit history started the clock.
2. Don't close credit cards that you have. It's true you don't want to have too many open credit cards because it gives you access to potential debt. But if you've already got them just keep them. You do better to put a little balance on the cards and pay them off like you're doing that you do to pay them in full and close them. if you pay them every month on time that gets reported. that buids history.
3. every time you apply for a credit card, cell phone, apartment, car, whatever requires you to put down your social security number they pull a credit report. that lowers your score. and those "hard inquiries" stay on your report for about 2 years. asking for too much credit is seen as a risk to potential lenders.
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