Credit Crunch

Here are some quick tips on how to improve your credit (and feel free to comment with any additional tips):

1. Don't apply for a lot of credit cards or loans. The inquiries will hurt your credit score.

2. Make sure you have credit cards or loans in your own name. You need your own line of good credit. You can't depend on using your spouse's. That way, you have a double safety net. If either of your credit gets damaged, at least the other one has good credit.

3. Don't charge a lot to your credit cards. If the limit is $2000, then only charge $200 to the card. If you have a small amount charged to your cards and high credit limits, it will increase your score.

4. Don't be late on payments ever!