Also ensure that your buisness has at least five lines of credit with vendors who normally report to business credit rating companies and agencies. Report Your Transactions To The Major Credit Bureaus Once you determine the requirements of credit bureaus, the next step should be to report your transactions and financial undertakings to the major creidt burueaus today. Order a Copy Of Your Credit Report From The Big 3 Credit Agencies The first thing to do is to order a copy of your credit report directly from each, or any of the three major credit agencies. Don t get your credit report from third-party agencies, because chances are you could be disputing errors or flaws that don t even exist. 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 hard inquiry though,can considerably lower down a person's credit score. A hard inquiry happens once a credit report request is made by a lender who's considering the new loan, or by another party who has debts or liens to collect from the individual. Once these are turned over to a collection agency, the bad news will certainly be circulated aorund the lending community. Non-Payment Of Apartment Rentals Defaulting on your apartment rental payments can also add to your credit rating woes. Your landlord can actually report that he or she has evicted you for defaulting on your apartment rent, and this would surely sne dshivers down most property management companies and mortgage lenders. A credit report is generally presented in an easy-to-understand format, which won t require you to hire the services of a professional financial analyst to sort through the clutter. - Credit monitoring services quickly notify you of any activity in your account. You ll also be able to immediately notice if ever there are any inconsistencies, inaccuracies or flaws within your report. By consistently paying your bills on time, whether they are credit cards or utility bills, insurance premiums, parking tickets and even library fines, your credit score will be further enhanced. Late bill or loan payments generally cut as much as 100 points from your credit score, which reduces your chances of availing loans and other forms of credit.