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How to improve your credit reputation to make it grow itself? Easily. All you need is…

Of course, your creditworthiness won’t grow itself. But building your credit history and increasing your credit score is not necessarily a complicated enterprise. Here are some lazy ways that will keep your credit reputation at the decent level.

Use your credit responsibly

It’s a simple way to let your creditworthiness grow. If you have balances on credit cards, pay them off on time and in full each billing period. If you have loans, make regular payments and never miss the due dates. Don’t use more than 30% of your available credit, and deal with other payments, such as bills, fees, and taxes, on time.

Feel free to diversify your accounts

If you have a good set of accounts, say, a couple of active credit cards, a personal loan, and an auto loan, perform on each of them diligently, and your credit report will be filled up with multiple different records of positive payment behavior. It will top up your credit score and make you a trustworthy credit user.

Maintain the age of your credit history

If you have old credit cards with no annual fees, don’t close them. It will eventually cut the age of your credit history and cause your credit score to drop. Use the same principle when consider opening new accounts, as any of them will decrease the age of your credit report. Open only new accounts that you need, and close only the old inactive ones that you have to pay for.

Be aware of what is in your credit report

You don’t have to put too much effort to keep your credit report under control. There are many services that provide free credit checks and credit monitoring online. What you have to do is to get an account and go through your records from time to time. If you spot a mistake or any record you don’t recognize, you will be able to file for correction. Thus you may save your credit score.

If you want your creditworthiness to grow and your credit score to increase, you need to use your credit in a proper way to prove your reliability as a consumer. Using your credit cards, getting personal loans, and making timely payments will let your credit report grow with the records of trustworthy credit activity.