How To Achieve Positive Credit Habits

Published on Sep 16, 2013 10:58 am

Do you have a less-than-perfect credit past? Have you made some credit mistakes that you’re not proud of? If you’re looking for the secret to helping your credit situation, pay your bills on time and keep your credit card balances low.

Need a little help along the way? Here’s another clue. People often make their credit situation more complicated than it needs to be. Avoid credit repair companies and services that promise to correct information included in your credit report. In many cases, this can be a waste of time, money and efforts.

Start with the following steps instead:

Step 1 – Don’t Miss Your PaymentsIf you miss a payment and you’re more than 30 days late, this can be a very serious hit to your credit score. If you have several bills and have trouble remembering all their due dates, set reminders or set a specific date each month to pay all your bills at one time. Paying before the due date won’t hurt your credit score and might help you pay all your bills on time.

Step 2 – Keep Your Credit Card Balances LowIn a perfect world, you would pay your credit card balance in full each month, but that’s not always possible. Make it a goal to keep your balances at less than one-third of your total credit limit (for example, if you have a $10,000 card never carry more than a $3,000 balance) to show lenders you’re not over-using credit and that you are more likely to pay them pack.

Step 3 – Take Your TimeUnderstand that there is no quick and easy way to see your financial situation improve. Your goal is to show evidence that you’re a responsible borrower and you can only do that by showing the improvement of your behavior over time. The best thing you can do is change your credit habits as soon as possible and start to see the relationship with your lenders improve. It will take time and patience but it’s not impossible.

This article is provided for general guidance and information. It is not intended as, nor should it be construed to be, legal, financial or other professional advice. Please consult with your attorney or financial advisor to discuss any legal or financial issues involved with credit decisions.

Published by permission from, Inc.  © 2013, Inc.  All rights reserved.

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