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

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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.


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Comments (1)

Paddy Deighan MBA JD PhD - 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