Whether your credit is good, bad, or non-existent, it has a significant impact on your life – perhaps more than you realize. Your credit score is widely seen by various people, from your boss to your landlord. And if you’re looking to make major purchases, apply for certain jobs, or obtain a student loan, that number will be closely scrutinized by even more individuals. 

A higher credit score opens doors to higher credit limits, larger loan amounts, better interest rates, and greater opportunities. Wondering how to achieve and maintain an impressive credit score?  Keep reading for three valuable tips on building and maintaining excellent credit.

Pay Your Bills on Time

Don’t underestimate the importance of staying on top of your payments. It may sound simple, but many people struggle with this. Make sure you stay current with utility bills, tuition fees, and credit card payments to maintain a high credit score. Even if you’ve had past difficulties, just two years of consistent on-time payments can boost your credit benefits.

Be Stingy with Your Credit History

Before you co-sign on that friend’s loan, consider the recent hits on your credit history. Have you checked your credit score? Applied for an apartment? Bought a car? Opened a new line of credit? Even if they tempt you with irresistible discounts, it might be wise to decline that store credit card. Trust us, you’ll be grateful in the future.

Use Your Credit Cards…And Your Brain

Having credit cards can be a valuable tool for building your credit score and providing financial security during emergencies. However, it’s important to remember that credit cards are not magic – every purchase comes with a bill. Nevertheless, using credit cards responsibly, such as making timely payments, can actually improve your credit score compared to not using them at all. So go ahead and use your credit cards for everyday expenses like gas or groceries, but be sure to pay off your balance in full each month.