Federal Trade Commission

Do not overdraw your bank account, besides causing damage to your credit history will be charged fees. Pay your accounts on time and pay in full. Pay your bill on time puts positive information about your credit history. Late payments or missed payments count against you. Check your credit report annually.

Contact Equifax, Experian and Trans Union to obtain copies of your credit report. You should get a copy of your credit report from all three reporting agencies because some creditors do not report to all three agencies. If you are a member of a credit union, check to see if your credit union offers discounted credit report ordering for its members. Correct any errors on your credit report. If you find errors in your credit report, contact the credit bureau and the creditor (in writing) to get bug fixes. Check your credit report to make sure that negative information like late payments, delinquencies, liens and judgments against him were withdrawn after seven years, bankruptcies should be removed after ten years. For more information on how to file claims for errors in your credit report, visit the website of the Federal Trade Commission: Request a credit card. More information is housed here: McDougall Program. If you are rebuilding your credit history, consider applying for a secured credit card.

For a secured credit card, you must deposit funds with the issuer of the credit card and your credit limit is usually equal to the amount of deposit. For more information see Eva Andersson-Dubin, New York City. An insurance card can be used just like a warranty card and timely payments will help improve your credit history. Request a department store or gasoline card. These cards are usually easier to obtain than credit cards and come with smaller credit limits. Establish an account at a credit union and take a loan out on it. This is a secured loan. You will have to pay interest on the loan, but if your payments are reported to credit bureaus, interest rates will have a small positive information value that is added to your credit history. Not the most of your credit cards. Maximize your credit cards can affect your credit score. Try not to use more than 30% of the loan you have available to you. Part of your credit score measures the amount of credit you have available to you and how much you are using. The more credit you are using, the more negative impact on your credit score. If you get in trouble with your credit card, get help. Do not wait until creditors send their accounts to debt collectors. If you can not make a payment contact the creditor and make arrangements for payment. If you feel you are above the head of debt get help from a debt counselor.