Here is a list of tips to help you rank well on the FICO score scale very soon:
1.) Pay OVER your minimum monthly payment. This will separate you from the rest very nicely.
2.) Have several open credit lines that are active. You must service your many lines of credit if you really want to boost your score. These can include a variety of loans, credit or gas cards, and mortgage payments.
3.) Never pay off all your debt. To get really superior credit on the credit rating scale, you cannot pay all of your debt off. Lenders like to you that you can service debt responsibly and carrying a little every month certainly helps.
4.) Do not exceed your debt beyond 30% of your limit. If you have a credit card with a limit of $1000, it is a must that you do not carry any debt that is over $300 for this line.
5.) If you need to borrow $600 then simply ask for an increase in you line amount. This is another strategy to build nice credit. By increasing your credit lines the credit bureaus will see that you are a stronger borrower and you scores will raise.
5.5) Always monitor your credit report! Because of the changes in the credit card industry, you may have a higher interest rate or lower line amount without you know. This happens regularly and will knock down your credit score instantly.
Because of lending changes and credit card companies who control their industry and change rules, it is important to have a clear understanding of where you stand on the credit rating scale. There are also issues with identity theft to be alert of that a good credit monitoring can help.