Obtaining the highest credit score you can is simply a matter of good financial management.
Here are four smart strategies:
- Don’t procrastinate. Pay all of your bills on time.
- Keep your credit card debt as low as possible.
- Maximize the length of your credit history. Older credit accounts are scored more favorably. The older your credit history, the more reliable it is at providing information about your possible future credit behavior. It simply has more data, and as such, gives a better prediction of credit risk.
- Minimize the opening of new credit accounts – especially credit cards.