Simple ways to avoid bad credit history and maintain a good score
Advertising Disclosure is an independent, advertising-supported web site. receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » Research » Guides » Building Credit History » Simple ways to avoid bad credit history and maintain a good score

Simple ways to avoid bad credit history and maintain a good score

Updated: December 26, 2012

Add to Favorites:
Credit cards are an ever popular necessity in life these days and so many people have multiple cards that it is hard to keep count. The important thing to do is to make sure that you have the right kind of cards and that you make your payments regularly or else you will end up with bad credit history. Credit history is important for a number of reasons; it seemingly affects nearly every aspect of life. Whether you are looking for a good insurance quote, alternate credit cards or even to get a good deal on your mortgage, you have to have a good credit score. There are many steps that you can take to make sure your credit doesn't go downhill. The first step you have to take care of is that you pay the monthly bills on time. If you cannot close the whole outstanding amount at least pay a minimum one so you don't get marked as late or delinquent on your credit report. Additionally any bad mark on your credit report stays for seven years, so every time you apply for anything that appears as a negative mark against you in front of lenders and employers. These days even for job application, credit scores are important, when people have a bad credit history, they may not be considered suitable for a job opportunity. Do not carry too many credit cards at once; make sure you have just three at the most. Another mistake many people tend to make is to think that closing credit cards helps. If anything closing a really old account will actually damage your credit history more. If you want to avoid bad credit history keep your cards open for as long as you can and do not try to apply for too many cards. If you are seen to be shopping around for credit, that gets damaging for the credit score as well. It is also important to keep up to date about your credit information, the best way to do that is to opt for a report that contains details from all three credit bureaus than just one. Many people also assume that opting for bankruptcy is the easiest way out of debts. This however is a bad truth to believe in. If anything the bankruptcy can damage your chances of credit immensely. It will make your credit score hit the bottom and it will also stay on your report for over 10 years. There are also a lot of procedures involved in it that will impact you for a long time to come. Instead opting for counseling and figuring out what can be done to set the record straight is important. Consistently work on improving your credit score and also try to work on it being a fair one at all times. Get a secured card to help with the bad credit history so that you can make payments on time and you will not lose out on a good opportunity later on.

Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

5 Reasons to Get the Capital One Venture Miles Rewards Card

By Herbert Moore, Posted: January 18, 2017

If you’re looking for a great travel rewards credit card—one that offers unlimited earning opportunities, flexible redemption, and lots of perks—look no further. This card from Capital One has you covered. Continue reading

Credit Card Tips For Holiday Shopping 2016

By Herbert Moore, Posted: November 23, 2016

November and December are the busiest months as gift shopping reaches its peak. People rush around looking for the best gifts and the best deals leaving a lot of money in the shops. Holiday season may force you to go over the household ... Continue reading

Credit Cards to Save More on Holiday Shopping

By Herbert Moore, Posted: November 22, 2016

Discounts and special offers are available all year round. Werther you are a bargain hunter or an impulse buyer, make sure you check online discounts and special offers. Also, if you are a cardholder, see if your credit card opens the door ... Continue reading