Here is a simple list compiled from Liberty Bank and Trust that can help get you on the right track.
1. Pay bills on time.
Past performance is a predictor of future performance so pay all bills off timely – rent, utilities, loans, and credit cards.
2. Keep debt to a minimum.
Understand your credit utilization ratio which is the amount of debt you carry (total amount of credit balances) compared to your combined credit limits; lenders like to see a credit utilization ratio of less than 30%.
3. Keep up the good work!
The longer you can maintain a good credit rating, the better. Accounts that have been in good standing for a long time add to your credit score.
4. Open new credit accounts only as needed.
Applying for credit results in a “hard inquiry” on your credit report which has a negative on your overall credit rating that can last for up to two years.
5. Check your credit reports.
If you find inaccurate information on any credit report, you can dispute the information to have it corrected.
Don't stress about it if you aren't where you want to be, one step at a time!