How to Get a Very Good Credit Score

Getting a solid credit score is not difficult. It is simply a matter of responsibly handling your credit lines and faithfully paying your credit card bills. If you pursue this strategy and more, attaining a desirable credit score becomes just a matter of time.

Instructions

1

Obtain a copy of your credit report. You can get a free report annually from each of the three credit agencies (see Resources). Review each report, checking for any inaccurate or negative information as well as errors. Dispute any incorrect information in writing or online to Experian, TransUnion and Equifax.

2

Pay your monthly credit card bills on time and miss no payments. Pay at least the minimum balance. When you establish a record of reliability, it sends a very good message and increases your credit score.

3

Do not close long-held credit accounts in good standing. Having a longer credit history can score you points because it shows stability. Closing accounts can decrease your credit score because you are showing less available credit.

4

Do not open new credit card accounts you will use only infrequently, such as retail store accounts. Although the stores commonly offer 10 to 15 percent off present purchases, opening an account with them can negatively affect your credit score.

5

Avoid maxing out any cards. Keep credit used to about 30 to 33 percent of the limit. If it is already close to the limit, it is wise to pay as much as possible to get it reduced.