Paying late could be one of the worse things you could do to hurt your chances of getting a good credit score.  Late payments effect your payment history which is the largest part of your credit score.  But there are several other areas of your life it could effect.
First is the money you will lose [...]

Category: Late Payments, Payment HistoryTags: account history, Late Payments | Comments (3)

There are several ways to raise your credit score, but some are better than others.  To start you need to understand how credit scoring works.  Then you can then use that to determine the best practices to achieve a good credit score.  But here is a short list to get you started.
1. Start Paying Your [...]

Category: Credit Score, RebuildingTags: account history, Credit Report Errors, credit tips, improvement | Comments (0)

In calculating your credit score, the length of your credit history makes up 15%.  The importance of credit history, is a short history is less reliable.  A nice long history paints a larger picture of you to lenders.  The longer the better.
Here are the stats from MyFICO
The average consumer’s oldest obligation is 14 years old, [...]

Category: Credit HistoryTags: account history | Comments (0)