Home - Loans Online

Build Good Credit - Information

Use and distribution of this article: is subject to the original author's information must be included.

7 Tips for Building a Good Credit History
 by: Teresa Moore

Here are the key tips for building a good credit history. A poor credit history can have negative consequences. But don't despair, www.credit-connections.com have prepared a few top tips to make building good credit easy as possible for you!

1. Keep your own checking account and savings account. Do not overdraw your account.
2. Establish a credit card in your own name, and use it responsibly.
3. Pay bills before the due date.
4. Limit the number of credit cards you own. Too much open credit, even if the accounts have zero balances, will negatively affect your credit score.
5. Close unused accounts—do not just cut the cards up—or the account will still show as an open line of credit on your credit report. Ask the issuer to state on your credit report, "account closed by consumer."
6. Limit the number of credit inquiries. Every time you apply for credit, it shows as an inquiry to your credit report. Too many inquiries are viewed negatively by lenders. Also A large number of recently established credit accounts may hurt your ability to be granted credit.
7. Once a year obtain a copy of your credit report to verify that information reported is accurate and to look for ways that you can improve your credit.

About The Author

Teresa Moore writes for website www.credit-connections.com the free tips and advice site for good credit, first time credit or bad credit. Find the best credit card for your credit history.