Protecting Your Credit
Obviously the most important thing you can do is make your payments on time. Do everything you can to meet your financial obligations. If you are going to be late and you know before hand, call the lender and ask if you can change the due date.
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They will often work with you to help you keep your credit in pristine condition. If they are not willing to work with you, reallocate the funds going to other lenders that will work with you or that offer a grace period. This alone can often not only save your credit but also save you money in late fees. |
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Other items like a bankruptcy, accounts in collections, liens, judgments, and any other financial-related data can be devastating to a credit score and it can take up to 10 years for them to come off. Most criminals aren’t even on probation that long.At least once a year check your credit report from all three bureaus to make sure all the information is correct. |
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It is also a good idea to subscribe to an identity theft prevention service. These services will protect your credit and if identity theft does occur they will repair the damage done with out costing you anything. Trying to repair the damage yourself can take months if not years to resolve everything so a service is a good idea. |
