Improving your credit score - AmericaNowNews.com

How to improve your credit score

You know all those ways you've heard for improving your credit score? Some of them may be bad advice.

So we're out to bust those credit myths and put you on the right track to building better spending practices.

Paying off delinquencies will improve credit? False.

While paying a debt is better than not paying it, the delinquency will stay on your credit report for seven years.

To improve your credit score, get current and stay current on your accounts.

Having more or fewer accounts will improve credit? False.


There's a happy medium for the amount of credit you have. Too many accounts makes you top heavy. That creates more risk. Your credit will reflect that.

Paying off a loan early will improve credit? False.

It might be a good financial move, saving interest, but it won't boost your rating. Accounts in good standing will improve it.

Paying monthly bills early will improve credit? False.


That's because the balance of the account has already been reported to the credit agencies. Be smart. Make sure you pay on time and cut back credit card spending.

There are quick fixes to improve credit? False.

There are tons of TV commercials about credit help, but following the rules and not overspending is the real answer.

Copyright 2011 America Now. All rights reserved.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Physicians warn against giving melatonin to children

    Physicians warn against giving melatonin to children

    Parents desperate to get their troubled sleepers to bed are turning to synthetic melatonin, which is a supplement sold over the counter. But expert warn it could have adverse effects on child development.
    Many adults turn to sleep aids like melatonin, but now more parents are giving them to their kids, too. We talked to physicians to see what they had to say about how it could affect your child's development.
  • Fugitive Friday: Central Virginia's Most Wanted

    Fugitive Friday: Central Virginia's Most Wanted

    Friday, August 15 2014 12:22 PM EDT2014-08-15 16:22:58 GMT
    Fugitive Fridays tracks down Central Virginia's most wanted. Take a look at the photos and see if you can help police track down these suspects.
    Fugitive Friday helps track down Central Virginia's Most Wanted.
  • Consumer

    How much of your donations really go to charity?

    How much of your donations really go to charity?

    In the aftermath of a disaster, donations are top of mind for many people and can do a world of good! But how do you know where your money is really going? America Now investigates!
    In the aftermath of a disaster, donations are top of mind for many people and can do a world of good! But America Now learned that some non-profit organizations receive only pennies on the dollar raised through solicitation campaigns. So how do you know where your money is really going?
Powered by WorldNow