5 ways to improve your credit score

by Bank of America For New Pittsburgh Courier You probably know a higher credit score can make it easier for you to get a loan or borrow at more favorable rates. But how can you improve your credit score? Here are five credit-boosting tips. Pay your bills on time…Why it matters Your payment history makes up the largest part—35 percent—of your credit score. Even small slip-ups can lower your score by a lot. Late or missed payments stay on your credit report—and can affect your credit score—for up to seven years. How to boost your score Always make at least the minimum payment by the due date. You can set up payment reminders and automatic payments within your accounts so you never accidentally miss a due date. Just make sure you have enough money in your accounts to cover your bills. Also,& check your credit reports& at least once a year and correct any inaccurate information. If you’re a Bank of America customer, you can set up reminders and automatic payments through Mobile and Online Banking. Keep your balances low…Why it matters The second most important factor in determining your credit score is how much of your available credit you’re...