- Paying your bills on time improves your score
Keep paying bills on time every month since it is important to maintaining a good credit score. If you remain behind with any payments, bring them current as soon as possible, and then make future payments on time
- Keep low balances on your accounts; this will benefit your score
- Few or no installment accounts with delinquent or derogatory payment status.
An installment account is one with a fixed monthly payment for the life of the loan. Auto loans and student loans are common examples of installment loans.
- None or only a few recent delinquencies on your accounts.
A delinquency is a payment that was made 30 or more days late.