If you’ve been trying to get your credit affairs together, yet having no luck there’s probably a good explanation for it. Many times people pay their debts on time and keep their balances low, yet for some reason never see a real increase in their credit score. It’s important to note there are other factors that can impact your credit score besides on time payments. One of them is your past credit record.
Is there something in your past hugely negative such as foreclosure or bankruptcy? Your credit score can take a huge hit when something like that happens. Not to mention, negative information can stay on your credit report up to 7 years. The good news is over time the impact will lessen especially as you handle new credit responsibility. That means making payments on time and keeping credit balances low.