Tips for good credit

[Anonymous]

Anybody here can give some tips or advice how to obtain good credit?

[HelenA]

From my experiance, the 3 most important things are:

1. ALWAYS pay on time. Whatever it is you’re paying (credit card statements, utiliti bill, medical bills, mortgage, celular, rent, you get the idea…), never make a late payment. even a single one can drag your score down.
2. Keep your utilization low. Below 30% Util is my rule of thumb.
3. Use credit (wisely). I have 3 CCs, one car loan & a mortgage.

[Beverly]

Key factor is time & patience

Assuming that you continue to make timely payments, it takes around two years to build good credit. Around 70% of your credit score is determined by data from the previous 2 yrs.

Don’t expect overnight results of magic formulas. Good credit score is for long runners…

[Kevin]

Check out these posts:

• Compare your credit habits to those of FICO high achievers
• Secrets of FICO Score High Achievers

I thinks these posts speak for themselves…

[bajamisdeudas]

A simple answer from me and that is settle your debts on time. After paying your debt, as much as you can don’t loan money again.

[Author]

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