- Pay your bills on time. Payment history affects a significant part of your credit score. Having long and consistent on-time payments is always the best move. Try setting up calendar reminders or use the autopay feature on your banking apps.
- Avoid using more than 30% of your available credit. Again setting up alerts and balance notifications could be helpful. Making extra payments to maintain this utilization rate is also a smart move.
- Avoid opening new accounts and closing old ones. This move lowers your average age of accounts and may significantly hurt your credit score.
Get a good mix of credit types. Different types of credit, like credit card accounts, personal loans, and secured loans, will help improve credit health.