How to Maintain a Good Credit Score

Hi all. Found an excellent article that I am sure many will relate to. Hope you get something useful out of this...

There are many benefits of having a good credit score, like enjoying a lower interest rate on your credit cards and loans. A good credit score also allows you to save money on insurance and security deposits on new utilities and cell phone service. It's all about how you use credit that lets you to keep a good score.

1. Know what goes into a good credit score.

The more you know about what goes into your credit score, the easier it will be to maintain a good one. Five key pieces of information are used to calculate your credit score – your payment history, level of debt, credit age, mix of credit, and recent credit. But, not everything financial affects your credit score. For example, checking account overdrafts and utility payments won’t automatically help (or hurt) your credit score.

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Thanks,

Carmen