Tips For Keeping Your Good Credit Score
July 21, 2010 by Ace Winget
Filed under Debt Management
This topic is discussed a lot, but it is important to speak about. Credit restoration takes a lot of hard work and effort. It can be very rewarding to have your score back where you want it to be.
The trouble happens when the customer falls back in to their bad habits. They don’t maintain the good credit that they achieved through credit restoration. This can be very frustrating, especially to customers that really worked hard to achieve credit restoration. Here are some tips for helping maintain good credit once you restore it.
1. Stay on top of the amount of debt you have. Your credit card balance needs to stay 25% below the limit ideally. It is a good rule of thumb to remember to only charge what you can pay off every month.
2. Use automatic bill pay. Automatic bill pay options allow you to deduct money directly from your bank electronically. This can help if you have a bad habit of paying off your bills.
3. Don’t inquire at a lot of different places. Keep your inquiries down to a minimum. You are probably used to applying for lines until you get credit, but you can stop that habit right now. Only apply for credit lines that you need, and keep the number of inquiries down.
4. Don’t forget to pay your bills. Pay off all your bills, and on time. If you have a problem with this set up the automatic pay option, or make notes around the home, or set up alarms. Do whatever it takes to keep on top of paying off your bills.
5. Don’t accept every credit offer that comes your way. Be picky about what lines you use. You want to be sure that you actually need it and know you will be able to afford it and pay it back.
6. Be smart and safe about your credit. Credit can quickly be ruined by others through identity theft. Be sure to have identity theft protection measures to prevent this from easily happening.
At Nitro Credit, we specialize in credit repair, credit help, improving your credit score, and credit restoration. We will help you start over and help increase your FICO score.