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8 Brilliant Ways to Increase your Credit Score

  1. Paying bills on time can help maintain a higher credits scorE

  2. Never let an account go into collections

  3. If you cannot make your payments on time, always make arrangements

  4. Instead of closing Accounts keep them in good standing to help with length of credit history

  5. Make sure to keep all balances low on credit cards and other revolving accounts to 33% or below

  6. Paying off debit can be more beneficial than a balance transfer

  7. Try and stay away from opening new accounts to rapidly, this can cause your credit score to decrease

  8. Remember to never overdraft your bank accounts

Credit Factors


Payment History


Amount Owed


Length Of History


Credit Mix

FICO Scores will consider your mix of credit cards, retail accounts, installment loans, finance company accounts and mortgage loans. Don't worry, it's not necessary to have one of each.

In general, a longer credit history will increase your FICO Scores. However, even people who haven't been using credit long may have high FICO Scores, depending on how the rest of their credit report looks.

Having credit accounts and owing money on them does not necessarily mean you are a high-risk borrower with a low FICO Score. However, if you are using a lot of your available credit, this may indicate that you are overextended-and banks can interpret this to mean that you are at a higher risk of defaulting.

The first thing any lender wants to know is whether you've paid past credit accounts on time. This helps a lender figure out the amount of risk it will take on when extending credit. This is one of the most important factors in a FICO Score.

10% New Credit

Research shows that opening several credit accounts in a short period of time represents a greater risk--especially for people who don't have a long credit history. Try not to open too many accounts too rapidly.

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