Your credit score is one of the biggest financial influences that you will have in your life. This ubiquitous score often can determine things like where you live, the car you drive, and the kind of loans that you can get. As such, this measure is quite important when it comes to determining your financial leverage.
Simply put, a credit score is effectively a measure of the times in the past that you have used credit, and how prompt you were about paying it back. Those who have been prompt with payments and use their cards more often are going to have better credit scores than those who have not. You always want to be working toward improving this score, no matter what.
The good news for those who might have made mistakes with financial transactions in the past is that credit scores can always be improved. It may take some time and effort, but there is no reason to give up hope altogether. Building credit effectively is a multi step process which needs to be closely followed.
The first step is to reduce the number of credit cards in use to around two. Pay off the others that you might have first, and then cancel them. Making sure that they are paid off before cancelling them is the only way to remove the debt to that particular source of credit. After these other cards have been paid off and cancelled, make an effort to use the two that you have left on a regular basis.
Pay off charges to the cards as soon as is possible in order to get the best results overall. Doing so will build up credit score by improving your average over time in a significant way. Follow these steps closely and be principled with paying off debt, and things you get better fairly quickly for you.