We talk so much about what to do when you have bad credit, we don’t spend any time on what to do once you’ve achieved good credit. You’ve fought your way back, your credit rating is on the up. What do you do to either maintain it? Here is some behaviors to keep in mind to keep that credit rating good.
- Know Your Credit Score:
Yes, even with good credit, this is still important. Don’t risk sliding back into bad behaviors, you can keep yourself in good standing by making certain that your credit report remains clear and good of any false reporting. Errors happen, and you should get on top of it asap so it doesn’t have a negative impact.
- Keep the Credit Card Companies Happy:
This is a two-parter. First up, a method of doing this is by sticking to a ratio of 30 percent of your credit allotment. Every month, make it a habit of only using your credit card(s) till the 30 percent mark and then back off. People who consistently go over this part tend to get the credit card companies nervous.
Second, make sure that you use your credit card. This may seem like talking out of both sides of the mouth, but the key word in this is to use the credit card and maintain it without going over 30 percent. Being consistent with that ratio and paying it off every month will keep the credit card companies happy.
If you need help with purchasing a new or used vehicle, be sure to contact us at Bayside Chrysler Jeep Dodge. If you need further assistance in finding financing for a new vehicle on bad credit, contact our financing department. We love to say yes, you’re approved! Be sure to like Bayside on Facebook, following on Twitter, or subscribing on YouTube.
