Pay Your Bills On Time Each time you use your credit card for making various purchases, always remember to pay your bills in full each time they come due. Timely payments make for happy credit card owners, while late or missed credit card payments are an exercise in futility, and paves the way for your constant haranguing by collection agencies, and also cuts deep wounds in your credit score. While you may be currently quickly paying-off your credit card debts, and settling any other outstanding obligations, your previous history of late or missed payments will still reflect on your score. As the credit experts often say, it takes time to repair your credit score. Myth No. 3 Closing Old Accounts Helps Boost Your Credit Report This myth s nothing but a common delusion. But if you are confident of repairing your financial image , and you're confident of rebounding from your financial troubles, bankruptcy should not be a ghost that will keep haunting you for years, as long as you take concrete steps to change your wasteful financial habits, and improve your loan repayment capabilities. Balance Your Credit Card Spending Regardless of whether you have one, two or three credit cards, remember to spend wisely and balance your credit card obligations. If you don't have the money to pay an existing credit card balance at the moment, try getting a loan from a family member or relative, so that your debts can be wiped off from your card, and your credit score also gets a helpful boost. The Downsides of A Credit Monitoring Service - According to credit experts, it s quite impossible for each company to effectively monitor each of their client s credit report on an hourly basis. Because some creditors don t report certain accounts immediately, the person will not be notified once the activity takes place. Credit experts suggest that you start building on your Paydex score from 3 to 6 months in advance, before you begin applying for a loan. By monitoring your business credit score, you'll be quickly notified whenever your score needs to be improved. The easiest way for improving your business credit score includes paying your obligations and loans ahead of schedule.