Updated: Aug 2
If you are just starting your journey towards building your credit here are a couple of ways to help you improve your credit. In addition you can determine your risk factors and pay down credit card balances, but you can also;
Bring your past-due accounts up-to-date. If you have any past-due accounts, bringing them current is an important step in improving scores, being that it ties to your payment history, which is the most important factor of your credit.
Pay off any charge-offs or collection accounts. If you've had accounts written off or sent to collections due to non-payment, paying them off can help you begin rebuilding your credit. I would recommend looking further into our debt repayment plan prior to jumping into this phase.
Making payments on time. Late payments remain on your credit report for seven years, SEVEN YEARS! Making payments on time helps your credit, slowly but it does help sustain your current score.
Boost your credit in unique ways. You are able to build your credit in many different ways due to the technological increases. You can utilize your current expenses to build your credit. For example, you can have your landlord report to your credit of your payment history. Most likely they may charge to do so, but it will be the best money spent each month.