Your credit score is a very important determining factor to lenders today. Credit scores are determined by delinquent accounts, items paid in full, and the length of time you have had active accounts. If you have a score below 650, which is generally the lowest score considered for lending, then you should absolutely consider raising your credit score.

Raising your credit score is not as hard as it may seem although it does take time and also patience. If you would like to improve your score there are a few things you can do. The first and most important thing to do is make sure that you are making all of your payments on time. If you are having issues making a payment to any lender, be sure to contact them and ask them if they can help you in any way. Sometimes they can defer payments, or change your due date. Payments that are not made within 30 days of the due date are considered delinquent and go against your credit score. Each negative mark on your score can last up to seven years.

Another way to help raise your credit score is to make sure your debt ratio is not unbearably high. If it is you should make arrangements to lower your outstanding debt. You can do this on your own, or even call a debt consolidator to help you make one low payment. You should make sure to not open any more accounts during this time because it will only go against you. Outstanding debt is never fun to deal with, but it is very important for you and your financial security.

You can help your score by keeping open old or unused accounts. Even if you don't use them anymore try to start back so the lender doesn't close the account. The amount of time you have open accounts or active is very important in determining your credit score. Just like Job history and experience is important when you are trying to get a new job, your credit score will get kudos for keeping open positive accounts.

Make sure that if you are searching for new credit, you don't apply for cards at a lot of retail store cards. Although they do give you discounts sometimes, the more of these types of accounts you have, the worse it looks even if they are a positive account. If you are looking for new credit try to make sure you only do it for a short period of time. You don't want it to look like you are always looking for ways to get credit.

Keeping your credit card limits low can help you keep your payments coming in on time. If you have a high limit on a credit card it may be harder and more overwhelming to pay it off. You need to keep your credit cards active by paying for them, and you need to pay for them so that you have positive credit. Following all of this advice is vital for your credit score.