Tips for Maintaining an Excellent Credit History

Below are great suggestions you can employ to maintain a commendable credit reputation.

maintain excellent credit history

Always stick to responsible credit and payment habits. The best way to maintain a good credit standing is to simply employ good spending habits. For credit cardholders out there, see to it that you spend within the limit imposed on your card accounts. Don’t attempt to go overboard with your credit card charges, or else you will surely incur pesky fees and charges. And do keep up with your payment schedule.

Meanwhile, for loan takers, be sure to abide by the terms and conditions of your credit program. And make sure that you’ll use the proceeds of your loan, responsibly.

Get rid of errors in your annual credit report. Did you know that outdated accounts, incorrect payment records, public records information that are past the statutes of limitations in your state and even minor errors in your personal information can pull your credit score down? This is the main reason why we encourage our readers to immediately dispute inaccuracies and inconsistencies in their respective credit files.

To do this, you should be ready to write and send a letter of credit dispute to the major credit bureau that released your erroneous credit file. That way, you can urge the employees of the firm to conduct verification activities, based on your claim. If they find out that your credit dispute is valid; you can look forward to receiving an updated document, which reflects a much higher score and one that you can use when applying for additional lines of credit.

Be sure to safeguard your financial information, all the time. Why is this important? Well, protecting your personal, contact and credit details can help reduce, if not eliminate, your risk of becoming a victim of credit fraud and identity theft – crimes which could inflict serious damage to your credit history and compromise your chances of being granted affordable credit deals, later on.

Now, how can you succeed in safeguarding your personal and credit information? There are a lot of ways. But, most importantly, you should be very careful where you share or disclose your confidential information. Before filling out forms and before transacting business deals online, you should take the time to conduct background checks on your prospective insurance brokers, credit card issuers, and even on your target online merchants. Consider the guarantees they offer to their prospective clients and customers. And do check if they comply with the strict provisions regarding consumer safety and privacy as well as information confidentiality. By doing so, you will know whether it would be safe for you to transact deals with your chosen firms, or not.

Make it a habit to request for copies of your annual credit report at least every six months. This way, you can have the chance to validate the items found in your credit and payment history. At the same time, you can immediately catch suspicious entries, such as fraudulent and unauthorized transactions, which could possibly hurt your credit score.

Always remember that by closely monitoring your credit and payment transactions, you can succeed in maintaining an excellent credit history. Furthermore, such step can help you in safeguarding your financial and employment prospects for you to receive the best credit and job offers, in the coming months.

Elizabeth Roberts

Elizabeth Roberts

Liz Roberts and her team are continuously providing information to people who are ready to repair their credit and improve their credit score. Also NewHorizon.org team strives to empower the homebased and small business owners by bringing information that can help them to manage and grow their businesses. Let our 24+ years of business finance experience help you to get the financing you need! CONTACT US if need financing for your business.

1 Comment
  1. Great tips! Well i do encounter some of these problems before. But still can catch up with it.

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NewHorizon.org is an independent, advertising supported website. The owner of the site may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. NewHorizon.org has not reviewed all available credit card offers in the marketplace.

Privacy Policy Terms of Use

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