Luckily, there are easy enough ways to improve your score.
But sometimes, youll have to ding your score for boost it.
As the cliche goes, sometimes you have to break a few eggs to make an omelet.
So why does it make sense to open multiple accounts if youre trying to build credit?
That means not running up huge balances on the new cards.
First, it affects the overall age of your credit history.
The longer youve been using credit, the more favorably lenders are going to look at you.
If you close a card that youve had for several years, your average credit age drops.
Still, there are some instances when keeping a card just isnt worth it anymore.
The same goes if you carry a balance from month-to-month and youre being gouged by a high APR.
Of course, the best way to to improve your credit is toimprove your financial habits overall.
But a few quick fixes, accompanied by that shift in mindset, can go a long way.
Check out the full post below.
