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  • Gilbert Nozoliny

Stay on top of payments

Updated: Apr 14, 2019

Credit card

With hundreds of credit cards offered by dozens of banks and credit aions, it can be very difficult for you to choose which credit card to sign up for and carry. In fact, the hardest part can be figuring out where to start. Whether you are looking for your first credit card, or are just realizing that now is a good time to change cards, ask yourself these questions to help you find the product that best meets your needs.

easy steps to raise your credit score

  1. Stay on top of payments.

  2. Keep tabs on your credit utilization rate.

  3. Leave old debts on your report.

  4. Take advantage of score-boosting programs.

  5. Time your applications carefully.

  6. Be patient.

Monitor your credit.

Once you've taken the time to create a budget, now it’s time to make sure you follow it. Budgeting can be like going on a diet — you start with good intentions, but after a few weeks or months you drift away from your plan. Don’t let that happen to you. Here are a few basic traits that will ensure budgeting success

Stay on top of payments

Keep your debts in the green to show lenders you’re responsible with credit.

According to Experian, payment history is the most influential factor for both FICO and VantageScore, the most common scoring systems.

Your credit score is essentially a reflection of your ability to pay back debts effectively. From a lender’s perspective, an established history of timely payments is a good indicator you’ll handle future debts responsibly, too.

Keep tabs on your credit utilization rate

Weigh your balances relative to your credit limit to ensure you’re not using too much available credit, a practice which can indicate risk.

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