It is extremely important to maintain your credit rating after credit repair in Naperville. This prevents you from sinking in to the debt cycle once again, and avoids the need for additional credit repair services. Once your credit rating is repaired, it can be tempting to begin borrowing, and celebrating with a higher level of living. It’s important to avoid those temptations, especially in the early days after your credit has been repaired. Here are some tips on how to maintain your credit rating after credit repair in Naperville.
Pay All Your Bills On Time
Even the most surprising of unpaid bills or those consistently paid late can wind up on your credit report. Library fines, consistently late paid cell phone bills, and even your cable bill can wind up on your credit report if paid late. Paying these bills on time won’t improve your credit, but frequently paying them late will cost you more in the long run. It’s also easier to keep track of you money and your budget if you pay these bills as they are due, in order to avoid forgetting or incurring the penalties of paying them late.
Keep A Low Credit Balance
Once you’ve gone through credit repair in Naperville, it can be tempting to maximize the use of any credit card you are able to obtain. Don’t cave in to this temptation – it will almost certainly cost you more in the long run. One of the keys to maintaining good credit is to keep low balances on all your credit cards and lines of credit. Not only does this help keep your monthly payment low, it makes you look significantly more credit worthy to other creditors – such as mortgage lenders and those who provide car loans. This also ensures that you won’t be forced to pay your credit card bill late, as you will have a low enough balance for the monthly payment to be manageable.
Don’t Apply For A Lot Of New Cards
Each and every time you apply for a new credit card, even those offered through retail outlets, your credit score is affected. And if you are approved for these cards, your credit rating takes a huge hit. That’s all before you even begin to use the card, so be sure you are only applying for those cards you absolutely need. Don’t be sucked in by a ten percent discount at the retail outlet offering you the card – the long-term penalty of obtaining that card will far exceed the ten percent the store is offering to help you save.
For more information on how to maintain your credit rating after credit repair in Naperville, contact Nationwide Credit Clearing at http://www.mynationwidecredit.com.
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