Improve Your Credit Rating in 2015

Here are nine ways to help improve your credit rating. 

It’s the beginning of a new year, here are some quick tips to help you improve your credit rating in 2015.

1. Pay Your Bills On Time: Always remember to pay your bills on time. Utility bills like your phone, cable and electricity are not always recorded but many phone companies report late payments.

2. Pay Off Your Debts: Always pay off your debts as soon as you possibly can, and try to pay off the highest interest debts off first.

3. Pay In Full: When possible, pay the balance off all your credit cards, every month.

4. Stay In Your Limit: Do not go over the credit limit on your credit cards.

5. Carefully Apply for Credit: Don’t make too many credit applications. When applying for a mortgage on a home, use a mortgage broker. Your score doesn’t change if you make personal credit inquiries.

6. Contact Creditors: If you are having troubles making payments, contact your creditors to work out possible solutions.

7. Read Your Statements: When you received statements from your credit card company, make sure you read them carefully and make sure you are up to date with any changes or fee increases.

8. Two Card Maximum: Avoid store credit cards. Keep your credit usage to no more than two credit cards and one line of credit.

9. Credit Report: Get a copy of your credit report from all three credit reporting agencies at least once a year to make sure your credit is in order.