Credit Repair
Maintaining a good credit history is vital. It is as vital as saving money in the bank. Having a good credit score reflects your financial reputation and it’s safe to say that it should be established and maintained like you keep your professional and personal reputations intact.
A good credit history usually takes many years to cultivate and can be easily damaged. There are many resources available to help you successfully establish and maintain a healthy financial reputation.
So, why is maintaining a good credit history important? Here are some reasons to consider regarding the significance of having a good credit score.
A good credit history is important especially during “financial emergencies,” as well as planning to mortgage a house or loaning for a car. However, not everyone can keep a good credit standing. Some can’t manage to keep their expenses at bay, which often ends up with a bad credit score. So, it’s good to be vigilant and be wise on having a debt and paying it on time.
What are some preventative measures I can take?
Learn to manage your monies
Paying bills on time
Reduce credit usage to 30% or below
Set up monthly auto pay
Create a monthly budget
Create a No-Touch Savings