Mounting Utility Bills Paint a Bad Credit History While late payments on utility, cable TV and telephone bills are not often reported to credit agencies, a number of US states actually report these types of delinquencies to collections agencies. However, for those who pay their utility bills on time, this practice may actually do a lof of help in enhancing their credit rating. 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. 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. Once you get a score of 80, this will indicate that your business is paying its loans on time. While drafting this type of budget can be quite hard, once you re successful at formulating the right budget, it could help track down any unnecessary spending, and it will allow you to adjust your finances in order to spend for your real needs, and steer clear of unwanted debt. However, if your credit cards debts have piled up too high already, and are beyond your control, then under these extreme circumstances can you file for bankruptcy. Once you receive a copy of your credit report from any agency, the agency is normally given 45 days to send the results of your dispute. But if you paid for your report, the agency will usually deliver this to you in around 30 days. Once you spot any errors or inconsistencies in your credit report, it s important that you question and dispute all those inaccuracies, and never assume that something is correct, just because it s reported by one of the major credit reporting agencies. 5 A Loan Company Can, For A Small Fee, Fix Your Credit Score Credit bureaus can t do anything to soften up or alter your credit score, especially if it s filled with lots of information about you not handling your debts well. The only way to improve or enhance your credit report, is by showing that you can handle your debt load well in the future.