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5 Things You Can Do To Have Good Credit
Having good credit is a subject of great concern in this current economic situation. Everyone is worried about the state of their credit so if you are, just know that you aren’t alone. There are millions of others out there that also want to know what they can do to improve their credit. The following are 5 suggestions or ways to improve or maintain good credit.
1. Buy LifeLock Identity Theft Protection You are probably wondering whether identity theft protection really helps. Many people feel that it is helpful in protecting you from fraud and identity theft. It is a relatively inexpensive service that give you a great sense of security that is invaluable these days. Moreover, identity theft is one of the most prevalent crimes now and is the reason that many people have bad credit. If you want to save yourself time, energy and money trying to get fraudulent charges off of your credit, you may want to invest a little money in LifeLock Identity Theft Protection.
2. Monitor your credit annually, with your free credit report Residents of most states are entitled to a free annual credit report. You can get yours over the phone, through the mail, or online, from all the major bureaus. Worried about other people getting a copy? Don’t be – you’ll have to answer quite a few questions to prove your identity and make sure you’re the one who should be reading this report. You won’t get your credit score included in this report, but you will find out if there are any black marks on your record.
3. Call credit companies if you are going to be late on a payment, and get deadline extensions One thing that many people forget is an option is contacting the credit company. If you know you’re going to be late on a credit card or utility payment, notify the company. That way, you’ll be able to get an extension on your deadlines and you won’t get the same kind of impact on your credit. Communication goes a long way toward keeping your credit in top shape.
4. Try and only use credit for major purchases like houses and cars or in emergencies. Many people over extend their credit by using it for little things and everyday purchases. If you want to make sure you keep good credit, one thing you can do is avoid using it. Put only large purchases on a credit card or take out a loan only for major things. Keep a card on hand for an emergency rental car or hotel, but otherwise, keep away from your credit. Your score will thank you later.
5. Make on-time payments When you do have to use your credit cards never make only the minimum payment, unless you absolutely can’t afford to pay more. Also, never skip a payment without talking to your creditors first and making sure that it’s okay and won’t be reported. All of these will together help to improve your score and get you out of debt.
LifeLock is an identity theft protection program that has been helping people protect their credit and their identities for years. It’s a great program, and many believe that Life Lock not only gives them a great program, but peace of mind as well. To find out more about LifeLock, go to www.lifelock.com.
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