According to credit report experts, poor payment history accounts for 35% of your total credit score, and even a single late payment can quikcly chop-off 100 points from your score. If the credit card you're using also carries a really large balance, it would also send a bad signal to various lenders and creditors. According to credit experts, there are basically two types of credit report inquiries, the soft and hard inquiries. A soft inquiry takes place when a consumer requests their credit report from a bureau, or when a credit report is requested by an existing creditor who's investigating a dispute. This type of inquiry does not have much of a negative effect on an individual's credit score, sicne it was made at the request of a consumer or established creditor. A credit monitoring service often informs their clients of any changes to a person s credit file, whether it comes as a result of late payments, change of address, new employers, new inquiries or bankruptcies and other public records. If you re still undecided regarding which credit monitoring service to sign-up with, here are a few pros and cons of signing-up with credit monitoring services. 300 499 Bad Credit 500 580 Poor Credit 580 619 Low Credit 620 679 Average Credit 680 699 Good Credit 700 850 Excellent Credit Regularly Monitor Your Credit Score According to credit experts, a good to excellent credit score is often weighed as a future sign of your credit value, and if your credit score is Good, then your future loan s interest rates will certainly be lower than usual. A prepaid credit card can act like a debit card, where you put in cash, and you draw against it, and you reload the card again. Always make it a habit to not use more than 40 percent of your credit limit on any revolving loan. Pay All Your Bills On Time To build up your credit score after bankruptcy, remember to pay all of your bills on time. Write down and dtermine what your long-term an dhsort-term plans are, as well as get allt he necessary licenses, permits and papers for legally operating your business. Remember that your initial objective is to establish a viable business entity, where are the appropriate details are in place. Determine The Exact Requirements Of Creditors And Credit Bureaus Next, find out and anlyze the exact requirements of most lenders and credit bureaus.