Can you improve your credit score by using your credit cards? Certainly, you can — just as you can drop your credit score by using your credit cards. Consider these 5 tips that can help you manage your credit cards properly and pump up a flagging credit score.
1. Pay Your Bills on Time – If you only choose to follow one of these tips, make it this one. It is extremely important to make all of your payments on time, because your payment history constitutes 35% of your credit score. That's the largest single factor used by the credit bureaus to assess the risk that you present. Put reminders on your phone or computer, but make those deadlines.
2. Maintain a Low Balance – The next most important factor in your credit score (30% of the total) is the amount of money that you owe. By controlling your cre...
from MoneyTips http://www.moneytips.com/5-moneytips-on-using-credit-cards-to-improve-your-credit-score
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