5 Tips To Get Your Credit on the Road to Recovery

By Mike Wayman

I love lists. It is nice to know there is a guideline for me to follow – some sort of path to help me to get things accomplished. When it comes to improving my credit score, the first place I would look for guidance is a list of instructions. A list is functional, and it makes the most sense when it comes to planning the steps I need to take to improve my credit. Here are five of the most important things you can do to help improve your credit.

1. Look after your payment history. Make sure that you are paying your bills on time. If you have missed payments, try to get them current. And, if you did pay of a collection debt, it will not remove the amount from your credit report.
2. How much do you owe? Try to keep the balance low and pay off your debt. Also, do not close unused credit cards in an effort to raise your credit score.
3. Length of your credit history. Avoid opening a lot of new credit cards over a short period of time.
4. Tips for new credit. Check and see what your credit score is. And, work to re-establish your credit history with new accounts that you will pay off on time.
5. What type of credit to use? Use only the amount of credit that you need. You should own a credit card, but use it responsibly.