1. Don't apply for lots of credit cards. A credit inquiry can lower your credit score by five points.
2. Requesting your personal report won't hurt your score.
3. Avoid applying for credit cards from companies that don't set a spending limit or won't report your limit to the credit bureaus.
4. Don't cancel credit cards. Keep accounts open to ensure a longer credit history. If you can’t afford the monthly payment pay it off and stop using the credit card.
5. Limit the percentage of available credit you use to no more than 30% of your net monthly income. Paying off the amount each month will still reflect the amount charged and excessive spending will hurt your credit score.
6. If you don't have a credit history, start one by obtaining a secured credit card and managing it responsibly.
For additional information on this and other renting articles, please visit our web site at www.mrpmrentals.com.
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