It does seem like more and more people are finding themselves in debt. Maybe we are just more aware of it during these challenging times. Maybe you lost your job or maybe car trouble caught you by surprise. Regardless of your situation, one of the most important things you can do financially is to maintain a good credit rating, something that is not difficult to do with some careful planning. Listed are some tips to help you do just that:

  • This seems like an obvious one, but pay your bills on time! Even if you have to arrange a payment plan with the creditor. Do what you can to make regular payments.
  • Save your credit for bigger investments, like a car or the new kitchen cabinets you’ve always wanted. Don’t charge your lunch or other smaller purchases you can use cash for. Letting all those smaller purchases run your credit down is not a smart move.
  • Make sure you’re paying more than the minimum payment on the bill. In the short term, it might seem like a good idea, but if you have a large balance, it could take forever to pay that off.
  • And finally, make sure that what you charge is an amount you can easily pay off in a month or two.
  • Visit for a ton of consumer advice. This great resource spearheaded by ACA International is a great source of answers to questions regarding personal credit issues. And one we and other collection agencies support at APR through fundraising and donations.

It’s no secret that our economy has not been in the best shape over the years. We all know family members or friends who have been taken pay cuts or lost their jobs. It is for this reason that we offer these tips. Not everyone can, every month, follow these tips but you can certainly try to take away a couple of them and stick to it.

Your credit score will thank you and as we’ve discussed before, improving your credit score is certainly worth it for yourself and your family.

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