Tactic for Credit History

Becoming an authorized user on someone’s credit cards can be a useful tactic to increase your credit history and credit score.  Be careful that the credit card you are adding is a positive account and does not have a high balance on it.

Opening New Accounts

Opening a lot of new accounts rapidly when you do not have a long credit history, can affect your score.  Your score is based on an average of credit length. Therefore, opening many new accounts will decrease your overall credit length.

Correct Information

Make sure to fill out all applications correctly.  Wrong social security numbers or addresses will show up on your credit reports.  These errors in reporting will reflect on your personal information sections on your credit reports.