This post is sponsored by Lexington Law but the content and opinions expressed here are my own.
This past year I set a goal to take control of my finances and make sure what I have in place will be suitable for my future. I personally have had excellent/good credit for a long time now, however, I know just how challenging it can be to maintain it. I know from experience how digging into your credit can be very confusing and overwhelming. But knowing how and why you need to maintain it is so important.
So, with the help of Lexington Law, I’m sharing some tips for those looking to maintain or even improve their credit score.
Finance Goals: Why you Need to Maintain Good Credit
First, and foremost if you’re just getting started on your credit journey I suggest contacting Lexington Law. Lexington Law provides free report consultations and credit repair assistance and is a #1 ranked credit repair company by BadCredit.org.
They’re also a consumer advocacy law firm with over a decade of experience helping hundreds of thousands of Americans take steps to improve their credit. By leveraging consumer rights to resolve issues with creditors, data furnishers and credit bureaus, Lexington Law works to ensure that client credit reports are fair, accurate and substantiated.
You might wonder why it is so important to maintain good credit. When you have good credit you have better chances at getting approved, lower interest rates, and no security deposit required just to name a few.
After achieving good credit you need to understand how to maintain it. I’ve learned over the years that consistency is everything. Be disciplined in your spending and saving. You’ll also want to understand your spending habits. What worked great for me was to track my monthly expenses, once I saw how I was spending my money, I was then able to setup a plan to tackle my future expenses.
Another tip is to make sure bill payments are made on time. If possible, try to pay your balance in full. From experience, I know this is hard and something most people need to work up to. But getting to a place where you manage things properly and pay off balances before you spend is a great feeling.
Finally, do not close old accounts. I wish I was given this tip when I was starting out in my credit, but I learned the hard way that credit is all about history. So, if you finally pay off a credit card and want to be done with it, don’t close the account. Instead, remove the card from your wallet, or even cut it up. But having an open account with a zero balance does no harm to you.
By following these simple tips I’ve been able to maintain my good credit through the years, and more importantly my good credit has allowed me to purchase a home. Want more tips and insights on credit repair or how to maintain credit? Then contact Lexington Law today.
No matter what your credit goals may be, the skilled team of skilled lawyers and paralegals at Lexington Law will leverage every law for your credit! Sign up to stay on top of your credit with help from the professionals at Lexington Law!
Enjoy!
Leave a Reply