What is the best wat to improve your credit score?

I don't think there's necessarily a "best way" but major factors would be:
* Paying your bills promptly (35% of your score is from payment history)... late payments will hurt you less over time, but also try to pay off any outstanding balances.
* Having a low balance-to-credit limit ratio... this is 30% of your score. Pay down your debt so that it's under 25% of your credit limit... the lower the better. DON'T MAX OUT YOUR CARDS.
* The right credit mix of installment loans (like mortgage, student loans, auto loans) and revolving credit (like credit cards) is 10% and this is the hardest to control
* The length of your credit history is 15% so don't cancel or close old credit cards or accounts...
* 10% is search for new credit... so don't apply for a bunch of credit cards and when looking for a loan, shopping around for a mortgage or car loan only counts as one inquiry

Everything you need to repair your credit is at
http://www.thecreditrepairmanual.com

Make your credit card payments on time. If you have an on-going credit card balance, be sure that your balance decreases every month, if even by only $100.00. Avoid major purchases such as new cars for the time being since your credit score automatically and temporarily drops for the first 6 months after such as major purpose. Once you have established that you make your payments on time, your credit score will return to what it was when you took out the loan. Also, the lower your credit rating is, the more interest you will be paying on that car loan.

Keep the credit cards you have open, but work to pay them down to a zero balance. Don't open a lot of new credit cards. Check your credit report once or twice a year and follow up on strange items that appear, if any.

1. pay all debts ON TIME
2. keep all balances less than half of the limit (credit card limit is $5000, only use up to $2500 of that)

First responder is right on. I'll only add that you should have some credit cards, but not too many; pay off the bills on time and in full every month. Not only will that help your credit rating, it will also save you a ton of money on fees.

Keep an open line of credit and carry a small balance. Pay regularly-- and on-time every month. If you don't already have one, a credit card is an excellent way to do this. Here's a list of offers that will help you improve your credit score if you have poor / no credit:

http://www.asapcreditcard.com/unsecured-offers.html

These credit cards tend to have higher interest rates and additional fees when compared to 'standard' credit cards. But they'll help you prove your creditworthiness and improve your credit score if used regularly and paid on-time.

Hope this helps. GOOD LUCK!

This is how your score breaks down:

35%- payment history
30%- total debt outstanding
15%- length of time you've had credit
10%- types of credit
10%- inquiries and new credit

Now how you can help yourself is to:

1. Get added as an authorized user. If you have a close friend or family member that has excellent credit, see if they'll add you on their account. You don't need a card, for this is just for reporting purposes only. If you're able to be added, make sure that the credit card company reports that account on your credit.

2. Get a secured card. This is the easiest credit card that you can get, without having a credit check. These may be offered where you do your banking or at Bank of America & Wells Fargo, for starters. You would have to put up a deposit upfront to secure the same amount in a line of credit, but the deposit would collect interest while you're proving your credit worthy. If possible, to increase the limit by adding to the deposit every 2 months or so, by doing that once the card does become unsecured, you'll keep that credit line and will have gotten the deposit back with interest. It looks good on a report when you have a high limit because it looks like you're trustworthy with a high limit. The key is to spend a small amount that can be paid off in full on time, every month. After a year of perfect payment history, the card should become unsecured.

3. Check your credit report for any inaccuracies. You can go to http://www.annualcreditreport.com to get a copy of your report if you don't have one already. Chcek for any inaccurate information and dispute, dispute, dispute!. Also if you have any delinquent accounts, depending on how long they've been delinquent. If they're close to the 7 year mark, you may as well just let them fall off naturally, if it's more recent, then I'd suggest contacting the collectors and negotiate for a "pay for deletion" where the item will be removed after a certain amount is paid. Be sure to get it in writing on something with the collection agency's letterhead before you send them a dime if you're able to do this.

Finally the monthly bills that you do have that you're paying regularly on like cell phone, car payment, etc. can be repoted to an agency called PRBC for positive credit. This is perfect if you're just starting out becuase certain things that you pay every month, may not show up on a report. Any payment that you pay can be reported in a scored report that can be used along with your credit reports. There's a lot that's covered in the website below, be sure to check it out.

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