Scores reflect credit payment patterns over time with more emphasis on recent information. In general, a score may improve, if you:
- Pay your bills on time. Delinquent payments and collections can have a major negative impact on a score.
- Keep balances low on credit cards and other "revolving credit." High outstanding debt can affect a score.
- Apply for and open new credit accounts only as needed. Don't open accounts just to have a better credit mix – it probably won't raise your score.
- Pay off debt rather than moving it around. Also, don't close unused cards as a short-term strategy to raise your score. Owing the same amount but having fewer open accounts may lower your score.
Review your credit report regularly so you know what is being reported. It won't affect your score to request and check your own credit report.
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