Keeping Your Score High

It seems that most of the information out there regarding credit scores involves fixing your score rather than maintaining it. We’re offering some advice for those individuals who want to keep their credit score high!

First and foremost, pay off your debts as frequently and quickly as you can. This will help to maintain your high score and show borrowers that you are reliable with paying off debts quickly.

Next, you should focus on keeping existing accounts open as long as possible and avoid opening new accounts. The longer you maintain a particular credit history, the better chances you have of boosting your score.

In addition, make sure you pay every bill on time, every time. Your payment history accounts for 35% of your credit score, so don’t let this fall to the wayside. Make payments in full when possible, and otherwise pay the minimum.

These tips should keep your scores high and don’t give up, you’ll be thankful when applying for a loan!