What are some easy ways to improve my credit score?

Public Comments

1. take a small loan out from the bank
2. believe it or not the most things on credit you have the better your credit score will be,just be carefull
3. There is no real way to better your credit score, Credit scores are based on alot of different issues, but the most one companies look at is if you are making your payments on time. I have a low income but I can still get credit on just about anything. Why? because I make a small payment every month. and they know that They can depend on me for a monthly payment. They don't hassel me at all. Keeping your monthly payments paid on time including your utility bills also has a great impact on how companies will issue you credit.You just about have to start from stratch again, but if you make an effort to pay bills it will show up in your credit reports.
4. Pay your bills by the due date. (even if it is the minimum) any thing paid after the due date reduces your rating. Eg: R1 is the best rating. R9 (written off) is the worst. The scores will worsen, as you delay your payment. R2 means you paid past the due date but less than 30 days R3 means you paid past the due date but more than 30 to 60 R4 60 to 90...and so on. Reduce the number of credit cards you have. Do not apply for every card out there. (you will be known as a "credit seeker") Never stop paying a creditor eg: write something off. If you are in debt, seek a credit counselling service, they can help you bring it down, but this will affect your rating. Bankruptcy will affect your rating. You should contact equifax, to review a copy of your credit rating, to ensure that there are not errors. (it will be your responsibility and time/money to straighten out any mistakes). Anything you do...good or bad, will remain on your rating (credit score) for 7 years. Good luck.
5. First, ALWAYS PAY ON TIME! This is the most important rule. Second, credit is based on how much money you have at your disposal (such as credit cards, loan potential, etc.) and how much you have "out," or in usage - payments, responsibilities, outstanding loans... For simplicity's sake, somebody who has a credit card with $20,000 credit but $19,000 used will have worse credit than somebody with an empty $5,000 credit card. Last, salary and all those other goodies factor in last.
6. The biggest factor you can control that effects your credit score is your payment history. If you have had problems in the past it will take a while to get over this issue. To establish a credit history all you have to do is USE a credit card and pay off the balance every month. As long as you keep an account active, it will help you as much as if you had a balance and you will save on interest charges. The other big factor is credit utilization this means how much of your available credit you are using. Reducing your credit card balances will help this aspect of you credit score. Be careful about how much credit you apply for. If you have multiple pulls of your credit report in a short period of time this will reduce your score. If you are shopping for a loan, you may want to get your credit report and score yourself and not allow the access until you have chosen a lender.