How to keep a high credit score

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.

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