Know What Goes into a Good Credit Score, Be Aware!
What are the key factors that contribute to your credit? This consists of the number of credit cards you own, how many bills you have, how many accounts you have (mortgage, student loans, auto, etc.), and credit inquiries.
Pay Your Bills On Time
Late payments can also do a lot of damage to your credit as well. If you are struggling to keep up with payments, consider making a budgeting calendar. There are many great apps that can help you stay on track.
Keep Your Credit Card Balances Low
Keeping your credit card balances low can also help in the long run when you have to make that payment! It can take a lot of stress off if you don’t have big bills to worry about.
Manage Your Debt, Consistency is Key!
Make your payments in a timely fashion. The more consistent you are the faster it will be paid off!
Don’t Close Old Credit Cards, This Could Affect Your Score
Closing old credit cards may possibly effect your score if you have a balance left on them. Before you close credit cards, be sure there is no balance.
Limit Your Applications for New Credit
Inquiring on your credit score will result in a dip. It is best to be persistent with payments, and only inquire when necessary. If you have been doing good with savings and payments, your credit will definitely be recovering.