how do you boost your credit score?

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1. If you have bad credit, get a secured credit card, a card where you put money on it and can only spend what you have. Otherwise, open a regular credit card account and don't go over more than 1/3 of your limit, pay it off in full every month. Car loans, mortgages, other lines of credit that are never late can be increase your credit score. It doesn't happen over night, it might take 6 months to a year to see a significant change.
2. Pay your credit cards on time. Pay off the balances and keep the accounts open.
3. Good credit boils down to two major areas, and one minor area: 1. Size of income: The larger your income, the higher your credit can be. Your baseline credit rating is mostly a ratio between credit you have and your income. It is then modified by these next factors... 2. History of prompt payment: Being late for credit payments can ruin your credit faster than any other method. 3. If you have some credit, try not to use more than half of each credit line. If you are close to your limit, it can affect your credit rating negatively. If you have no current line of credit, establishing new credit can sometimes be more difficult. In such circumstances, it can be wise to open a secured credit card. This is a normal credit card with a normal credit line, but the credit line is based on a deposit you make. It is then put on deposit by the credit card company, and is used as collateral for your credit card debt.
4. Thumb rule: pay all credit bill on time and everytime
5. A secured credit card can really help you. These secured credit cards are considered a first step for those with no credit history. For obtaining a secured credit card a deposit is required and the spending limit is equal to the amount of the deposit. To make sure you're building a good credit history with this first credit card, be careful not to go over the limit and pay your bills on time. After some time, depending on each company, you can apply for an unsecured credit card but only if you have a good credit history. There are also other more simple ways of starting a credit history. One easy solution is to open a savings or checking account that will definitely show how you are able to manage your money. Or if you have a cellular phone or a pager and pay your bills on time every month, you can demonstrate that you're capable to control your money wisely. Another way is to consider applying for a card offered by gasoline companies or retail stores. This type of card has a low credit limit and can be paid off each month. And make sure you pay at least the minimum payment each month. So you don't forget, you could set up automatic payments with your online banking account.