Top 10 Ways to Keep Your Credit File Sky-High

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Whether we like it or not, credit defines precisely just how much trust we’re given from financial institutions and credit card companies.

Your credit score is supposed to be a sober appraisal of your ability to gain wealth and minimize debt, while still being a part of the system yourself. Sometimes, safety deposits can be reduced or eliminated altogether. Your credit score can even end up affecting where you can and can’t find a place to live. Luckily, it isn’t excessively difficult to steadily climb up the score rankings by following a simple plan and exercising restraint.

Here’s what keeps you in the good graces of major creditors:


Never be okay with interest on debts.

With the wrong interest rate on a credit card or loan, you’ll end up paying back a ludicrous amount of money back to the creditor, especially if it’s the type of loan for bad credit, just for the privilege of having being lent the lower sum in the first place.


Pay your bills on time.

Whenever you’re served with a phone or Internet bill, have it paid off immediately. Always pay off any outstanding bills, and don’t let them begin to gain interest. Utilizing your credit is essential. Just never forget that it should be paid back as soon as possible.

Show signs of financial stability.

These are seemingly minor things like whether you move around a lot or keep the same job (regardless of pay differences) for long periods of time. It goes beyond what the numbers say and more of the kind of category you can be grouped in when deciding how much is an acceptable amount to offer you in credit if any. Keep a squeaky clean record with debts, stay in one place for a reasonable amount of time, and do anything that lines up with what banks consider as reasonable and responsible financial actions.


Don’t overuse your credit.

Credit utilization is a metric measured in percentage of your overall credit used. If you’ve spent £250 of your £500 in credit, that’s a 50% utilization rate. The real benchmark to shoot for is no more than a 30% utilization rate, ideally lower than that for long periods of the year. Steadily using your credit and paying it off is necessary if you want your score to climb. It shows you aren’t afraid to put things on credit. Using just debit might seem like a good strategy, but unfortunately, people who care about your credit like to see you using it, just not too much of it.



Monitor your score properly.

Checking your score too often can reflect poorly on you, but using proper services such as Experian or Call Credit can allow you a much more comprehensive view as to what your efforts are netting you in the long run. Any major changes to your file will be immediately reported to you for quick action. After all, how can you know you’re keeping your credit high if you don’t keep tabs on your credit score?


Dig yourself out of bad situations.

Chances are you might be someone who’s already had their credit score scraped up a little and want to recuperate your losses. The absolute first thing you need to do in that case is to make sure all of the old debts are eliminated. Live within your means, and maybe even make some sacrifices to get you out from underneath the burden of debt. There’s no sense trying to move forward when your debt is severely limiting your speed. Our guide to repairing your credit is a helpful read.


Don’t fall for the easy methods.

Credit is something that has to be carefully built, a kind of financial footprint that your habits leave in trackable and measurable ways. It’s known that many services offer “credit repair,” but they’re mostly just asking that you pay them for the information you can find for free. It all boils down to making the right choices consistently over the long term. It isn’t to say that you can’t occasionally splurge. Just don’t overextend yourself more than you can cover.


Report mistakes on your credit file.

Even mistakes that aren’t financial in nature like a misspelt name or address can be secretly keeping your file back. After carefully checking out your received credit reports for even the smallest of errors, you’ll either be A-OK or in need to get some changes done. It’s just a matter of reporting the error to the credit reference agency, and you can have them clear everything up on your file. Some of your financial information might not be up-to-date. If it doesn’t accurately represent your financial capacity, now, you’ll be able to investigate if there’s anything you can do.


Don’t close old accounts.

Any financial accounts you’ve opened should remain open in perpetuity, and you shouldn’t ever cancel your credit card subscription. It’s always better to have more information on hand than less, either through sheer dilution of percentages or just a better track record of having expenses and paying them in a timely fashion.


Always pay in full.

Essentially, distance yourself from the idea of credit being the money you own. It’s money someone else owns, but they’re allowing you to use their status to receive something of value. It isn’t extra money by any definition, so only buy things you can pay for. If you can’t pull it off, paying the minimum is your next best bet, but not the best choice of action for grade A credit.



Credit files all have to do with overall responsibility and the ability to spend moderately. Even people who think they aren’t necessarily well-off can still grow their credit by playing within the rules of the game properly. Sometimes, some sacrifices might have to be made for a small period of time. Instead of thinking about it like you’re losing enjoyment during that time, think about how you’re gaining the satisfaction of being free of that debt forever in a shorter amount of time. Credit scoring is a sound system but not necessarily perfect. Just know what keeps you in good graces.

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