TIPS FOR A HEALTHY CREDIT SCORE
What can hurt your score?
•Missing payments, regardless of the amount, will take 24 months to restore credit.
•Credit cards at capacity/maxing out credit cards
•Closing credit cards out, this lowers available capacity
•Excessively shopping for credit
•Opening up numerous trades in a short time period
•Having more revolving loans in relation to installment loans
•Borrowing from finance companies
Practices to improve your score:
•Continue to make payments on time, older late pays become less significant with time.
•Do not close credit cards because capacity will decrease
•Slow down on opening new accounts
•Acquire a solid credit history with years of experience
•Moving revolving debt to installment debt