![]() ![]() |
||||||||||||||||||||||||||||||||
Maintaining Good Credit: What is Good Credit Management |
||||||||||||||||||||||||||||||||
Credit management means successfully managing your credit by paying your debt obligations on time for the amount required.
Example:
So What Does This Mean:
|
||||||||||||||||||||||||||||||||
Maintaining Good Credit: Credit Reporting |
||||||||||||||||||||||||||||||||
In reviewing credit applications, lending institutions will review the following information to determine your creditworthiness:
Your outstanding credit report lists any payment delinquencies that you may have had over the past seven years.
You need a credit history of at least one year to ensure a good credit report.
|
||||||||||||||||||||||||||||||||
Maintaining Good Credit: Maintaining Good Credit Skills |
||||||||||||||||||||||||||||||||
Step 1: Pay Your Bills On Time
Step 2: Build a Strong Payment Pattern
Step 3: Maintain Only a Few Credit Cards
Step 4: Close All Retail and Gas Cards
Step 5: Don't Have Too Many Outstanding Loans
Step 6: Avoid Charging Close to Your Credit Line Limit
Step 7: Review Your Credit Report Annually
Step 8: Limit Inquiries On Your Credit Report
|
||||||||||||||||||||||||||||||||
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|