Company Profile When evaluating your company profile, verify the details for accuracy, such as business name and length of doing business, address, telephone number and industry type. As most of the data here is self-reported, the business owner must always make sure that the data filled in is accurate and updated. Always make it a habit to pay on time, and according to most credit experts, paying your bills on time does wonders in getting a handsome credit score. While most creditors won t report late payments made at 30 days, once it reaches 60 to 90 days, a borrower will certainly get reported. If you ve made late payments before, relax and don t worry, since over time those infractions will slowly diminish, and you ll get back your old credit score. However, the sad thing is that whenever they check the report, they don't look at the finer details, and usually don't check the report for any errors, or any inconsistencies and flaws in the data entered. While making too much inquires can have a little negative effect on your credit score, missing out on the possible errors and wrong entries can do more damage to your credit standing. While bankruptcy can have a major effect on your credit score, it won't mean that you'll never be able to avail of credit again. While the recovery process may be quite long and stressful, and sometimes you ll only be left with nothing with your shirt on your back, or your pants and shoes, there is always light at the end of the dark tunnel. Pay-Off A Sizable Amount of Your Current Debts In order to build a good credit score, pay-off a sizable portion of your current debt load, since the more available credit you have, the more will your credit rating improve. Also have a considerable savings and checking account, as well as learn to regulate it too. Whether you want to buy a new home or car, or wish to avail of a personal or student loan, it pays to have a good credit score. A good credit score enables you to establish credit-worthiness, and allows you to get easy access to loans and other forms of financing, at lower interest rates. Here are five good ways for protecting a good credit score.