Remember credit history is an average of your old credit and your new credit and is 10% of your credit score. Opening new credit can lower your average history:
Try not to open new credit unless you are making a major purchase.Instead of opening new credit which can impact your credit history, increase credit limits using your current creditors. Do not close old credit because this can impact your credit history.
PAYMENT HISTORY
Remember payment history has the biggest impact on your credit score at 35%:Pay current creditors on time. Current creditors are 2 years or younger. Do not let any current credit default. Talk to creditors to make arrangements. If you know you can’t make a payment perhaps you can use your emergency credit card to make that payment. Create your own deadlines to pay creditors off 3-6 months. Always more than the minimum.
CREDIT LIMITS
Do not use more than 30% of your credit limit. Remember the amount you owe is 30% of your credit score.
ANNUAL REVIEW
Review your credit reports annually. Remember you are entitled to a free report at www.annualcreditreport.com .Continue to dispute negative items that may appear on your credit reports by mail.