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. Every person is entitled to a free credit report each year, and a good place to start checking on your credit rating is by going to the three major credit bureaus like Experian, Equifax and TransUnion. How To Monitor Your Business Credit Score When monitoring your business credit score from systems like Paydex, you need to bear in mind that the Paydex score ranks how early, or how late, you fulfill your debt payments. Why Bankruptcy Is A Tough Thing To Handle Bankruptcy brings more than sleepless nights and bad dreams for the individual. It can also have a gloomy effect on their credit score. Whenever a person who just filed for bankruptcy applies for mortgages and loans, it puts a heavy frown on the faces of creditors and lending institutions. Collection Proceedings In evaluating your business credit report's collection proceedings, find out whether you have a history of letting your bills lapse, or whether some of your accounts have been sent to collection. Remember that some of your late payments could come as a result of other financial issues, or a dispute with your supplier. Use a credit card for making small purchases, and don t use it to borrow money every time you go shopping. Correct All Errors In Your Credit Report Once you get hold of your credit report, check it thoroughly, just like using a fine-tooth comb for removing any tangles in your hair. Be on the lookout for any inconsistencies or errors, and carefully read all three of your credit reports. com Next, go to annualcreditreport.com, which is the only authorized Web site of the FTC. From here, you can link to the three major credit bureaus. Credit experts however frown on going to sites like the Free Credit Report, because despite their name, they actually charge monthly fees for their credit monitoring service.