Sydney Garth, Credit Cards Moderator
In order to maintain a good credit score, it is essential to make payments on time and maintain a credit utilization below 30% (i.e. how much of your available credit you use on a monthly basis). On a credit card with a $1,000 limit, for example, it would be best to use $10 to $100 each month, and no more than $300.
In addition to these, eliminating errors on your credit report can help improve your credit health and maintain a good credit score.
Last but not least, our personalized Credit Analysis will pinpoint what's wrong with your score, how to fix the problem and how long that will take.
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Dmitriy Fomichenko, President, Sense Financial
To maintain a good credit score, you should stay on top of your payments and manage your credit cards responsibly. Request a credit report and check for any error that may hurt your score. If there is, you can dispute to have it removed from your report.
There is a long list of things you can do to improve your credit score. I think you will find this article helpful: https://www.myfico.com/crediteducation/improveyourscore.aspx
Mike Daxler, Member
Best way to do it is to just be responsible with your finances, and your bills. Don't let anything reach collections (even utilities) and have a couple of credit cards that you use regularly.
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