Always be wary of co-signing a loan, especially if you cannot guarantee that the person will be able to pay his or her payments on time. Continually Keep Your Accounts Active Most creditors and lending agencies would rather prefer to see a verifiable credit history on their clients. If you wish to pay all your outstanding balances, and close all your accounts, your creditors won t be able to determine if you re in good financial standing, or if you re paying your balances on time. Under the right circumstances, it would be better if you ask for permission, instead of asking for forgiveness from your creditors, since these individuals can actually punish you with late charges and black eyes on your credit score. Arrange For Automatic Payments For Every Type Of Loan To keep your sanity intact during a financial crisis, it would help if you carefully manage all your bill payments. Devise A Well-Crafted Vusiness Plan When building your business, also prepare a coherent, well-crafteed business plan, which includes all the essential financial details, including the required sections and sub-sections. Write down and dtermine what your long-term an dhsort-term plans are, as well as get allt he necessary licenses, permits and papers for legally operating your business. While getting a credit report usually comes at no extra cost, these companies are allowed to advertise other paid services, such as a credit monitoring service, which goes for a small monthly fee. A person s credit score ranges from 500 and 850, and this scale numerically defines a person s credit worthiness. It tells prospective creditors that you re unable to honor your promise to pay back your debts and other financial obligations, from utility bills, credit card charges, child support and more. Although it may take a while for a person to rehabilitate his credit score after bankruptcy, the impact of the bankruptcy though dissipates over time. How To Improve Your Credit Score According to credit experts, there are a lot of methods for improving your credit score. Among the strategies include making sure that you pay your bills on time. If ever you missed some payments in the past, do all you can to pay your current bills on time. Also remember to keep your outstanding debt to as low as you can, and it would be better to pay the debt off, rather than simply move or transfer it around.