Skip to Content

Tips for building and improving your credit (infographic)

It can be hard to build your credit, especially if you are starting from scratch. For most of life’s milestones, such as buying a car or a house, you will need a credit history to make the purchase. Unfortunately, if your credit score is low, you likely won’t get approved.

Here are five tips to keep in mind if you want to start building or improving your credit.

Check your credit report

The best plan begins with knowing what is in your credit file. Request a free credit report by visiting and reviewing resources to learn how to read your report.

Lower credit utilization can help you

When building credit, try to use only a small portion of your credit limit. Higher utilization can mean lower scores. And if possible, pay your revolving accounts off in full each month.

Set up automatic payment reminders

On-time credit card and bill payments are generally one of the largest factors impacting your credit score. With online banking resources, you can set up automatic payment reminders and improve your credit score.

Open the right credit card for you

When researching the right credit card for you, look at any annual or reoccurring fees associated with the card, the reward benefits and the annual percentage rate (APR.)

Building your credit history takes time

Opening too many accounts at once can have a negative effect on your credit score. Take it slow, particularly if you have limited historic credit to begin with.

Remember, there is no quick fix to improve your credit and building a good credit score. Understanding how much you can afford and setting a realistic budget for yourself can help you make better financial decisions about how to manage your debt and in turn, improve your overall credit profile.

This content is informational only and does not constitute financial, legal or tax advice. It is best to consult your own advisor who knows your specific situation and can advise you accordingly.



UMB personal banking solutions offer convenience and simplicity to meet all your financial needs. From home loans to auto financing and everything in between, see how UMB personal banking can work with you to find the right products for your life and lifestyle.

Boost your financial know-how and sign up for our personal banking newsletter. We’ll send informative articles right to your inbox

511 / 528
When you click links marked with the “‡” symbol, you will leave UMB’s Web site and go to Web sites that are not controlled by or affiliated with UMB. We have provided these links for your convenience. However, we do not endorse or guarantee any products or services you may view on other sites. Other Web sites may not follow the same privacy policies and security procedures that UMB does, so please review their policies and procedures carefully.
Copy link
Powered by Social Snap