Tips on maintaining a good credit report

June 02, 2013  //  Posted by: Financial advisor  //  Category: Credit

A good credit report is one of the most essential things to maintain in life. A credit report is essential as this report allows you to take a loan easily. So it is very essential to maintain a good credit report. Here are some tips that would be fruitful for you to maintain a good credit report.

• You must know about your card well before you use it. These cards are meant to earn some money for the issuing company hence you must have all the details of the card you are using.
• You must sure to note down the dates on which you will have to pay off the credit amount. This is so because a late fee is added once you fail to pay off the credit in the issued date.
• One must use the credit cards in a well defined limit as high usage will raise the interest rates.
• Pay off the credited amount completely and not just the minimum amount stated in the monthly statement. This minimum amount later becomes tough to be managed.
So follow the above stated steps to ensure that you always have a good credit report.

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