Bad credit has become somewhat of a normal occurrence now a days with the current economy and every one losing their jobs and incomes.
You don't have to let it impact you though.
You can maintain and even repair your credit no matter the state of the economy.
Keeping in mind a few simple tips will keep you heads above the uneducated masses destroying their credit everyday.
Be responsible.
If you cannot afford it, don't buy it.
If it is something you need to have, save for it.
Don't max out your cards on a whim.
Use them as intended, emergencies and big purchases only.
Don't put on credit what will be used up and gone before the bill ever hits your mailbox.
Talk to your creditors.
They would rather have you being upfront and responsible with your debts then avoiding them.
Talk to them.
They may be able to reduce your interest rate or minimize your payments to something you can handle till you are in a better position financially.
Avoiding them will only lead to legal and credit issues.
Be open and mature.
Accept responsibility for your credit.
Educate yourself.
Know what is on your report and fix errors.
Do what you can to ensure your credit score stays intact.
Ignorance doesn't cut it when it comes to your credit reports and scores.
Instead know what is on all your reports and fix issues as soon as they arise.
Learn to pay your bills on time.
If you aren't paying your bills when they are due you are accumulating late fees and interest charges.
Work with the company and pay on time or make payment arrangements.
Take control of your financial future.
Make a budget.
One of the biggest problems we have is that we don't work on budgets and stick to them.
Know all the outgoing money you have owed and all your incomes.
If the outgoing exceeds the incoming you have to do something about it now, not later.
Cut back on spending or get another income stream.
Your credit and money is your responsibility, act responsibly.
Your credit score can impact your life both positively and negatively.
Know what is on your report and act wisely when it comes to your personal finances.
The only person who can make or break your credit is you.
Take responsibility and do the right thing.
Not sure what to do, be mature and get help.
There is no excuse for ignoring your credit issues.