Maintaining Your High Credit Score

Most of the information out there regarding credit scores involves fixing your score rather than maintaining it. Today we’re offering some advice for those individuals who want to keep their credit score high.

First and foremost, make it a habit to pay off your debts as frequently and quickly as you can! This will maintain your high score and show borrowers that you are reliable with paying off debts quickly. Next, focus on keeping existing accounts open as long as possible and avoid opening new accounts. The longer you maintain your credit history, the better chances you have of boosting your score.

In addition, make sure you pay every bill on time, every single time. Your payment history accounts for 35% of your score, so don’t let this fall to the wayside. Make payments in full when possible, and otherwise pay at least the minimum. These tips should keep your scores high. Don’t give up, you’ll be thankful when applying for a loan!