Free Credit Analyzer - 10 Tips to Improve your credit

*****10 Tips For Improving your credit rating****
1.	Pay your bills consistently and on time - probably the most important of the factors determining your credit score. Allowances are made for the occasional late payment; however multiple late payments or payments over 60 days late can be detrimental.
2.	Keep your debt reasonable. Try to keep your balance-to-limit ratio a a reasonable number. Normally, balances kept over 75% of the limit are considered high.
3.	Maintain only a reasonable amount of unused credit. Banks look not only at the balances of your accounts, but also at the available limits. Keep in mind that if you have the ability to run up high amounts of credit (very large limits), then you can become a higher credit risk.
4.	Avoid too many credit inquiries. Keep the number of inquiries on your credit file to a minimum. More than one or two inquiries per year can make you a higher credit risk.
5.	Don't open too many accounts in any short period of time. Lenders become nervous if they see you applying for too many accounts all at once.
6.	Have patience. Building a solid credit history takes time...many years, in fact. A tall, strong tree cannot grow in weeks and neither can a strong credit rating.
7.	Your existing credit should have a minimal amount of activity. Having accounts with no balance or activity can sometimes be treated as not having them at all.
8.	Maintain a good mix of accounts, both revolving credit accounts and installment loans.
9.	Major credit cards are considered better than "retail" cards, not to mention they usually carry lower interest rates.
10.	Check your credit report and remove any errors. Keeping an eye on your credit is very important to ensure accuracy. Some companies neglect to properly report changes in account status. It's up to you to make sure your credit history is accurate. If you don't watch out for your rating, nobody will.

Possible reasons for a lower credit rating:
	Credit ratings are a very complex thing to manage. Some of the most common factors which can afect your score in a negative way are listed below Amount owed on accounts is too high. Delinquency on accounts. Too few bank revolving accounts. Too many bank or national revolving accounts. Too many accounts with balances. Consumer finance accounts. Account payment history too new to rate. Too many recent inquiries in the last 12 months. Too many accounts opened in the last 12 months. Proportion of balances to credit limits is too high on revolving accounts. Amount owed on revolving accounts is too high. Length of revolving credit history is too short. Time since delinquency is too recent or unknown. Length of credit history is too short. Lack of recent bank revolving information. Lack of recent revolving account information. No recent non-mortgage balance information. Number of accounts with delinquency. Too few accounts currently paid as agreed. Time since derogatory public record or collection. Amount past due on accounts. Serious delinquency, derogatory public record, or collection. Too many bank or national revolving accounts with balances. No recent revolving balances. Proportion of loan balances to loan amounts is too high. Lack of recent installment loan information. Date of last inquiry too recent. Time since most recent account opening too short. Number of revolving accounts. Number of bank revolving or other revolving accounts. Number of established accounts. No recent bankcard balances. Too few accounts with recent payment information.