Newly Established Credit Profile

Newly established credit profiles are very sensitive to change. This is partly due to what industry insiders call a "thin profile". In other words, new credit profiles do not have much history, therefore, small changes can affect the credit score much more than on a well-established individual.  

With that said, some ways to grow your new credit accounts are to start small and pay your balances on time each month. Make sure to keep credit utilization rates below 30%, and continually seek credit limit increases to lower your credit utilization over time. At the same time, make sure to reduce the number of credit inquiries taken, and spread them out as far as possible.

NOTE: When shopping for a loan such as a mortgage or a car loan, try and keep all your inquiries within a short time period such as two weeks.