10 Tips for Good Credit

After you've decided on the type of credit you need and how much you can afford, follow these steps for maintaining a good credit history.

    1. Shop around for the best credit terms.
    2. Understand the terms of the agreement before you accept a loan or credit card.
    3. Save money each payday for emergencies.
    4. Set a monthly limit for charges and stick to it.
    5. Shop as carefully with credit as you do with cash.
    6. Don't take on monthly credit payments unless you're certain you can meet them.
    7. Pay bills promptly and in full to keep interest charges low.
    8. If you charge day-to-day expenses, pay them in full each month.
    9. Keep credit card information (including the phone number of the issuer) in a safe place in case your cards are lost or stolen.
    10. Keep copies of your sales slips and compare the charges when bills arrive. If there's a mistake, call your issuer right away.