5 Best Ways to Maintain Good Credit
One's credit score is of huge importance to a lot of people right now. You are probably one of the people now who is concerned about the state of their credit. If you are, know that you are not alone. There are plenty of others out there who are concerned with you. They too want to know what they can do to improve or maintain good credit ratings. The following 5 tips should give you a clue and help you on the way.
1. Purchase LifeLock Identity Theft Protection Does identity theft protection really help? Many people feel that it does, and you'll find that LifeLock is a relatively inexpensive service that provides you with a sense of security. After all, identity theft is one of the most devastating crimes that can happen to you, even if it doesn't happen very often. Many people feel that even the small likelihood that they'll lose their identity to someone unscrupulous is too big a risk. If you agree, you need to take steps to make sure your identity is safe. LifeLock identity theft protection services are one way to do that.
2. Review your credit with your FREE report Resident of most states have the right to receive one free credit report from each of the three bureaus annually. To retrieve your free reports, all you have to do is write, call, or go online. You can find the actual contact information through a google search or via a phone book. You can use these reports to dispute any claims that may be inaccurate or that may be the result of identity theft. Remember that you won't get your credit score on these reports, but you can tell what good things or bad things are listed.
3. Call creditors if you are going to be late One thing that many people don't know is that if you know you are going to be late on a payment, you can call your credit company in advanced and let them know. Most times they will give you an extension, sometimes up to 90 days. This way they don't report it to the credit bureaus, and it won't affect your credit. Communicating with those that you owe money to is critical. You will find that most times people are understanding as along as you are honest and timely.
4. Try and only use credit for major purchases like houses and cars or in emergencies. Many people over extend their credit by using it for little things and everyday purchases. If you want to make sure you keep good credit, one thing you can do is avoid using it. Put only large purchases on a credit card or take out a loan only for major things. Keep a card on hand for an emergency rental car or hotel, but otherwise, keep away from your credit. Your score will thank you later.
5. Pay on time. It doesn't get much easier than this, and yet many people break this cardinal rule. Late payments definitely get reported on your credit, unless you have talked to your creditors in advanced and made arrangements. Also, try and make more than the minimum payments when you do pay your credit cards. It will help you get out of debt faster, and help your credit score too.
1. Purchase LifeLock Identity Theft Protection Does identity theft protection really help? Many people feel that it does, and you'll find that LifeLock is a relatively inexpensive service that provides you with a sense of security. After all, identity theft is one of the most devastating crimes that can happen to you, even if it doesn't happen very often. Many people feel that even the small likelihood that they'll lose their identity to someone unscrupulous is too big a risk. If you agree, you need to take steps to make sure your identity is safe. LifeLock identity theft protection services are one way to do that.
2. Review your credit with your FREE report Resident of most states have the right to receive one free credit report from each of the three bureaus annually. To retrieve your free reports, all you have to do is write, call, or go online. You can find the actual contact information through a google search or via a phone book. You can use these reports to dispute any claims that may be inaccurate or that may be the result of identity theft. Remember that you won't get your credit score on these reports, but you can tell what good things or bad things are listed.
3. Call creditors if you are going to be late One thing that many people don't know is that if you know you are going to be late on a payment, you can call your credit company in advanced and let them know. Most times they will give you an extension, sometimes up to 90 days. This way they don't report it to the credit bureaus, and it won't affect your credit. Communicating with those that you owe money to is critical. You will find that most times people are understanding as along as you are honest and timely.
4. Try and only use credit for major purchases like houses and cars or in emergencies. Many people over extend their credit by using it for little things and everyday purchases. If you want to make sure you keep good credit, one thing you can do is avoid using it. Put only large purchases on a credit card or take out a loan only for major things. Keep a card on hand for an emergency rental car or hotel, but otherwise, keep away from your credit. Your score will thank you later.
5. Pay on time. It doesn't get much easier than this, and yet many people break this cardinal rule. Late payments definitely get reported on your credit, unless you have talked to your creditors in advanced and made arrangements. Also, try and make more than the minimum payments when you do pay your credit cards. It will help you get out of debt faster, and help your credit score too.
About the Author:
LifeLock is an identity theft protection service that has been helping people protect their credit and their identities for years. It's a great service, and many feel that Life Lock not only gives them a great service, but peace of mind as well. To find out more about LifeLock, go to www.lifelock.com.
posted by Debt Consolidation Loan at
1:40 PM
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