Basic Rules to Maintaining Good Credit!

There really isn’t a lot of mystery behind having good credit. It just takes a little common sense and restraint on your spending habits.

1.  Improve your credit score by keeping your debt to 35% or below what your available credit is. This is per card not total. Paying your bills on time is a big plus.
   
   
2.  Review and make sure you understand your terms and conditions of your credit card. It is standard practice for companies to raise your interest rate when you miss a payment.
   
   
   
3. Use cards that match your spending. Choosing the right card for you at the checkout can save you a lot of money. But keep in mind those store credit cards come with high interest rates.
   
   
4. Paying down those balances – even if it is only an extra $10-20.00 on top of the minimum amount due. It will go directly towards your principal and reduce the amount you owe.

Carrying lower credit balances is considered a low credit utilization ratio – which is a good mark on your credit score and looks good when that financier is looking at your credit report.