How to Increase a Credit Score With Tradelines

An insufficient credit history or a limited number of tradelines could prevent you from achieving a stellar credit score. A young adult who has one credit card may increase her credit score by obtaining additional tradelines, or accounts. A tradeline or field of information is displayed on your credit report for each of your creditors. Your creditors will report data about your account history to credit bureaus. Reported information is displayed on tradelines for revolving and installment accounts.

Instructions

1

Check your current credit score by visiting the TransUnion, Experian or Equifax websites. Select a single bureau or tri-merged credit report and the option for ordering your credit score. Input your personal data and pay the required fee to receive your credit report and credit score online.

2

Apply for major credit cards such as MasterCard, Visa and Discover. Obtain three to four credit cards to increase your number of tradelines.

3

Transfer your credit-card balances to replace your current accounts for more attractive offers. Refrain from accepting credit-card offers with exorbitant interest rates and fees. Refuse additional offers after you obtain four credit cards. Maintain four credit cards to generate a payment history for multiple tradelines and to help increase your credit score.

4

Use the credit cards you obtain. Pay your credit-card balances in full each month. Limit your credit-card charges to a maximum of 30 percent of your high credit limits.

5

Pay your creditors on time. Increase your credit score and credit rating as your payment experiences are reported for each tradeline.