As mentioned before in previous posts how important it is to keep your credit score up. Studies show the average credit score for Americans is around 620-680 with an average debt amounting around $8,000. Keeping your debts low and your credit score up is highly important and it will save you a lot of money in the long run. NOTE: Some employers look at your credit score to decide your eligibility to work for them or not.

Three things you can do to raise your credit score and keep it up.
a) Pay the bills when they are due including credit card payments, loan payments, and other payments that deal with interests. Also keep your spending as low as possible. Don’t spend intentionally more than you can afford.

b) Keep your credit card balance low. Keep your credit card balance less than 50% of the available balance. Never charge up to your credit card available balance.

c) Never close your credit cards. Even though you won’t be using them keep them open and just leave them be. Keeping unsued credit cards will make the balanced to available credit ratio lower leading to a higher credit score.

So, give the three tips mentioned a chance to live better financially.

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