If your future plans include purchase of a home, you are probably interested in keeping your credit information secure and we have some visit this site for more tips that will help you keep your credit score in good standing. The better your credit score is, the lower your interest rate will be. That means having a good credit score translates to saving thousands of dollars on the life of your mortgage.
Keep in mind that landlords and employers are also looking at credit scores before they make their decisions. Keeping your credit score in good standing simply makes financial sense.
Basic Credit Secuirty Tips
#1 – Track Your Spending
People who have excellent credit scores usually keep careful track of their spending. They know where every payment goes, and are also aware of the daily and weekly incidentals that can quickly add up. Many of them carry around a budget in their heads, knowing how much they can spend every day.
This is important because the little things add up quickly, and suddenly you have a bill that is due and not enough money in the bank to cover it. If you haven’t been paying attention to how much money you spend on a daily basis.
#2 – Keep Balances Low
Ideally, you should be paying off your credit cards each month. However, if you can’t do that you can still prevent yourself from adding to the amount. The lower your monthly balances are, the better your credit score will be.
An excellent credit keeping tip is to never charge over 50 percent of a card’s limit. So, if you have a $1500 dollar limit on one of your credit cards, never charge more than $750 dollars. This will do two things: keep your monthly payments manageable, and keep your credit score high.
#3 – Don’t Go Overboard With Credit
Some people seem to collect credit cards. They keep a huge bundle in their purse or wallet, flipping through them like they are a deck of cards. This is never a good idea, and not just because it increases your likelihood of becoming a victim of identity theft. It’s also a bad idea to have that many lines of credit open, and doing so will negatively affect your credit.
My credit keeper tips recommends you make an honest assessment of the credit cards you truly need, and then get rid of the rest. And don’t just stop using them or cut them up. Contact the company and officially close the account. If you are closing several credit card accounts, request closure of the accounts and then wait a couple of months and get a copy of your credit score. Make sure the only open accounts are the ones you are still using.
#4 – Make Timely Payments
The importance of paying your bills on time cannot be overemphasized. When you pay your bills on time, you are showing your current and future creditors that you take responsibility for your debt and are able to manage it in a mature manner.
Paying on time means not even getting close to the due date. Instead of waiting for a couple bills to pile up before you sit down and take the checkbook out, pay your bills as they arrive. This will prevent you from accidently missing a due date, which will negatively affect your credit.
#5 – Control Impulse Spending
Impulse spending can kill a good credit score as quickly as a late payment, because that’s what it usually leads to. Individuals who can control their impulse spending will be able to maintain a good credit score much easier than someone who allows emotions to guide purchases.
Many times impulse spending is reward spending. We reward ourselves for getting through a difficult situation at work, school or home. If you can see yourself in this scenario, tell yourself it is time to take action. Learn ways to reward yourself that don’t involve taking out the credit card. Take a long bath, read your favorite author or even watch the trashy talk shows that you secretly love. Find something that makes you feel good and that keeps the credit card in your wallet.
Keep Our My Credit Keeper Tips In Mind…