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Hi Allison,

Thanks for the insight. In the current economy, it more important than ever to pay attention to your credit score and take steps to improve it.

-- Contributed by: Donna Sundblad

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Try and keep your credit card balances below 50% of your actual credit line. This will leave room for emergencies, and will also help to boost your score.

-- Contributed by: Keep your credit card balance below 50%

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Hi Ray,

Now that you are making your own payments again, the fastest way to improve your score is to pay down balances on credit cards. There is no instant fix. Here are a few more ways to consistently boost your credit score:

• Pay bills on time – if you make late payments or miss a payment this will have a negative impact. Paying bills on time of course does the opposite. The longer your history is for on-time payment the better your score will be.
• Maintain low credit card balances – If your credit cards are maxed out this can lower your credit score average.
• Avoid applying for new credit cards you don't need – Believe it or not, new credit card accounts will lower your score because average account age is factored in.
• Manage credit cards responsibly – Making on-time payments establishes good credit.

-- Contributed by: Donna Sundblad

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I used a credit card solution company to help pay down my credit cards but they put my payment in a account to negotiate once I've had a large amount. During that time they never paid on my credit cards and my score dropped tremendously! How can I boost my score now that I assumed making my own payment again.

-- Contributed by: Ray
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