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Posted in Paying Your Bills
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Napash

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why is my credit score low I paid my bills on time and I even pay them early some time

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Paying accounts early can hurt you, as you would learn by reading the articles here.   

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To increase a credit score you need charge cards and if possible a car loan or home loan. You may pay your car and home loan early. And it is even advised to make double payments. (Payments every two weeks) on installment loans. As it shows more payments made in the positive. However, on charge cards (revolving credit) you must wait for the bill to post before paying it. you also want to charge on it every month. (Credit utilization) and then either pay it off or pay it down so that you have  at least 70% availability remaining on the card. The higher the limit and the less you use of the available credit is a good rule of thumb for raising a credit score. 

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