- Pay your bills on time. The later you are, the more points you may lose on your credit score.
- Keep your credit card balances low — ideally less than 25% of your credit limit at any
time, even if you pay off your bill in full every month. If you start getting near your credit
limit, this can be a flag to potential lenders, suggesting you're
maxing out your cards.
- Promptly pay any traffic or parking tickets or library fines
(and keep records of the payments). If the bill ends up going to a collection agency, your credit
score could drop by as much as 100 points.
BBB Tip: Automatic Payments
Consider activating an automatic electronic payment schedule with your bank, so you’ll never be late for a payment.
NOTE — Minimum payments may vary, so look for the minimum payment percentage for each of your lines of credit.
It’s always a good idea to have the automatic payment pay much more than the minimum. You’ll owe less in interest and can pay down your balance much faster.