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5 Tips to Establish and Maintain Good Credit

I wanted to take a moment to share some useful information on establishing and maintaining good credit scores.

Credit Score
  • Pay your bills on time, especially mortgage or rent payments. Apart from extreme circumstances like bankruptcy or tax liens, nothing has as much of an impact on your credit as a history of late payments.

  • Don't max out available credit on credit card accounts.This indicates you're having problems managing your finances.

  • Don't apply for too much credit in a short amount of time. Multiple requests for your credit history (not including requests you make to check your own status) can have a negative impact on your score.

  • Reduce the amount of debt you owe. On credit cards, keep your credit balance below 50% of the available credit amount to maintain your credit score, or below 30% of the available limit to improve your credit score.

  • Periodically check your credit history for errors. If you would like a free copy of your credit report, please contact me.

Please let me know if you have any questions regarding your credit. I would be happy to introduce you to someone I know and trust. Please give me a call if there's anything I can do to assist you.

~Bob

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