#5 – Raising Credit Limits

When you are in good standing, you will likely be eligible for a raise in your credit limit. Occasionally ask for your limit to be raised if you have been perfect on your payments.

N.B. remember to pay your credit card balances each month to ensure you don’t pay interest and once your credit rating is high enough to be accepted for the car loan, mortgage or whatever you are trying to improve your credit rating for, clear any remaining credit card balances and cancel any credit card accounts that you no longer need.