Your credit scores change when new information is reported by your creditors. So your scores will improve over time when you manage your credit responsibly.

Here are some general ways to improve your credit scores:

• Pay your bills on time. Delinquent payments and collections can really hurt your score.
• Keep balances low on credit cards. High debt levels can hurt your score.
• Pay off debt rather than moving it between credit cards. The most effective way to improve your score in this area is to pay down your revolving credit.
• Apply for and open new credit accounts only when you need them.
• Check your credit report regularly for accuracy and contact the creditor and credit reporting agency to correct any errors.
• If you have missed payments, get current and stay current. The longer you pay your bills on time, the better your score.

Remember that improving your credit scores can help you:

• Lower your interest rates
• Speed up credit approvals
• Reduce deposits required by utilities
• Get approved for apartments
• Get better credit card, auto loan and mortgage offers