How to keep a high credit score
Your credit score is not a function of your financial health, but rather how ready you are to borrow money.
Lianne Hannaway shares her tips for maintaining a high credit score:
Set up automatic payments. Part of your credit score is determined by how often you pay off your debt on time. So, setting up automatic payments ensures you never miss a deadline.
Use less than 30% of your available credit. The less credit you use, the better. Using all your available credit can have a negative impact on your credit scores.
Get your credit score. Knowing your score will help you work towards specific goals to improve it.