Tip 1: Pay Down Those Credit Card Balances
Implement a budget and stop using your cards for now. Next, consider debt consolidation to lower your interest rates. Put the difference towards the balance. Lastly, long-term debts, like mortgages, need not be fully paid off during the repayment planning stage.
Tip 2: Refuse to Spend Money You Don’t Have
Only use credit cards when you can pay the balance in full at the end of the month. That way, you’ll build credit without increasing your debt. Always pay on time! Late payments ding your score.
Follow these tips and turn your credit stress into credit success!