Mastering your score is really an essential thing. If your credit history is bad, it might affect a lot of other things, such as cell phone contacts or monthly insurance payments.

It won’t allow you to hope for a mortgage or loan, either. What should be done in order to improve and boost your credit rating? Here are a few helpful tips for you to follow:

1. Get a credit card. Use it wisely
Whenever a client applies for a credit card, first of all his credit history is checked. Lenders will always want to know whether it’s safe to trust the person. That’s why you must do all possible to prove that you’re a wise borrower. Absolutely all providers like borrowers who pay on time and do not miss payments. You can compare mastering a credit card to a dating a fashion model. Be punctual and smart! Do not make too many applications – this will only show how desperate you are. A ‘soft search’ tool is an eligibility checker. It makes no impact on your credit rating. However, you should compare cards for bad credit and build up your score once you find the perfect card for you. Remember to pay your balance off every month!

2. Close your old accounts
Do you have several accounts? Do you use all of them? Close them first. If you have a lot of accounts open, it will make lenders suspicious of you – they’ll probably think that you already have too many credits. The more accounts you have, the less reliable you are in lenders’ opinion. All it says is that you don’t know how to manage your money. Cutting your old cards won’t help. You’ll need to call your issuers and close the accounts. On the other hand, cancelling too many cards may make you struggle to survive. The key principle to remember is: do not use more than 80% of the credit you currently have available.