Step 3 in a 5 Step Process to Improve your Credit Rating

By
Real Estate Broker/Owner with Frank Real Estate, Market Me Online Marketing Strategists

Step 3 - The length of you Credit History - how far back does it go?

Time is crucial to this aspect of your credit scores so you really should take the time to manage it wisely. 

  • Don't open several new accounts in a short period of time- this is especially important if your credit history is less than 3 years old.  Adding too many accounts close together sends out a red flag that you may be irresponsible in managing your credit.
  • Be sure that you pay your bills on time, especially the the long standing acounts, and try to pay it down instead of just the monthly minimums.

 

Posted by

LOGO

Comments (1)

Paddy Deighan MBA JD PhD
federalfinanciallawgroup.com - Vail, CO
Paddy Deighan J.D. Ph.D

good blog...all credit repair/improvement methods are important today as many , mnay people try and repair their credit.  I am still at a loss to determine how the three credit bureaus indocate that the average score is still 678 when so many have had foreclosure, defaults and respossessions...

Dec 05, 2011 06:19 AM