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Tips for Maintaining your Credit Score

March 28th, 2024 8:29 PM by Austin Howland

How to Maintain a Stellar Credit Score

iPad with credit score range


Navigating finances can be intricate, but when it comes to elevating and preserving your credit score, simplicity reigns supreme. Here are four essential strategies to uphold a strong credit profile:


    1.    Timely Bill Payments: Consistently paying bills punctually contributes positively to your credit score, enhancing it over time.

    2.    Borrow Wisely: Exercise prudence in borrowing only what you can comfortably repay. Strive to keep your credit utilization below 30% of your available credit. Consider establishing an emergency fund to mitigate the need to max out credit cards during financial strains.

    3.    Strategic Credit Applications: When seeking loans or credit cards, opt for quality over quantity. Applying for numerous store credit cards solely for discounts may raise red flags with lenders.

    4.    Regular Credit Monitoring: Stay vigilant by routinely checking your credit history across all three major bureaus—Equifax, Experian, and TransUnion. Utilize AnnualCreditReport.com for free credit reports every three months or annually to detect and rectify any inaccuracies promptly.


By adhering to these principles, you can safeguard and bolster your credit standing for a more secure financial future.

Contact us today to learn more!

407-834-3377


Posted by Austin Howland on March 28th, 2024 8:29 PM

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Contemporary Mortgage Services, Inc.

498 Palm Springs Dr Suite 220
Altamonte Springs, FL 32701