preparing for home ownership
More About Your Credit Score
Which of these practices will help improve your credit score?
Regularly pay your bills on time and in full.
Keep a very high balance on all your credit cards.
Apply for as many credit cards as possible, so that you have lots of credit.
The correct answer is "A". Remember: When it comes to your credit score, your payment history carries the most weight. The longer you can show you've used credit responsibly, the better. However, it doesn't pay to apply for or possess lots of credit cards. This is especially true if you regularly charge them to the max. These are signs that you might be a credit risk.