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PrettiQ85

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What can i do to improve my credit?

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1. Avoid derogatories, such as collections, bankruptcy, foreclosures, and judgments. A single collection can drop your score by 50 points or more. I've read that judgments take out about 75 points, and bankruptcy is even worse than that. So avoid those biggies for a start--work with creditors to come up with payment plans whenever possible.
2. Next is make your payments on time. Whether you pay your bills on time or not is about a third of your score.

3. Don't max out your credit cards. If you have a $1000 limit, make sure your balance is under $300 on the closing date (usually a few days after your due date), because that number is what is reported to the bureaus. Under $100 (10%) would be optimal. 

4. If you have fewer than three trade lines, you have a "thin" file. You should get a secured card or two, then possibly a store card for credit building. 

5. Limit your inquiries. Try not to apply for new credit more often than every six months, or your score will be dinged for "seeking credit." More than four inquiries in a year is starting to look bad. 

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