Always make sure that you maintain a balanced proportion of used credit to available credit. The higher you credit balance goes, the more damage it will do to your credit score. Pay All Your Bills On Time According to credit experts, an estimated 35% of your credit score is based on payment history. By consistently paying your bills on time, whether they are credit cards or utility bills, insurance premiums, parking tickets and even library fines, your credit score will be further enhanced. Basic Overview Of Credit Score Ranges A person s credit report is essentially an ongoing look at his or her personal information, and provides a deeper insight on how well the individual manages his or her finances, and pays their debts. The individual s financial data is submitted to a credit reporting agency by creditors, debt collection agencies, the courts and other public or federal agencies. Controlling Your Debt: How To Boost Your Credit Score A credit score acts much like your high school report card. It features a three-digit grade , which reflects a person's credit worthiness to potential creditors, banks, insurance companies, mortgage companies and even employers. The higher your score, the greater will be your chances of availing credit. However, a person cannot simply wish to receive credit as they please, because they will need to apply for it, and most credit companies also take a closer look at a person s credit report, to see if they are truly credit-worthy, and know how to manage their finances well. Here are the five basic elements of a credit report. Credit monitoring services also cannot fully detect any fraudulent activity, because there are a number of details in your account which credit agencies are often not alerted, or notified about. - The problem with some credit monitoring agencies is that they charge fees which are unethically exorbitant. In getting a deeeper understanding of the value of credit score monitoring, a business owner must first analyze how their business credit profile is built, and learn what the score really means, as well as find out exactly who looks at it. Here are some facts about credit score monitoring and starting a new business.