Good credit is important for everyone to have. Building your credit and maintaining it’s score can be quite challenging, but vitally important in all aspects of life. It is essential to maintain your score, having it as high as possible for the following reasons; all ​banks will check your credit report before approving you for any type of loans including credit cards, mortgage and auto loans. It's even possible that future employers may check your credit report as part of the application process. Due to those reasons your credit score affects many parts of your life, exactly why it's so important that the information included on your report is always accurate and positive. It is a vital way for lenders, insurers and employers to assess how you manage financial responsibility.

Now you know why having good credit is a must. The next step is making sure you have it. We recommend two major steps to take in order to establish credit if you- have poor credit or no credit history at all. The following steps outline how to maintain a good credit score.


1. Building Credit​ - Open a secured card: One of your first steps should be ​applying for a secured card​. They are credit cards, on which you provide a security deposit up front to secure that line of credit. By regularly using a secured card, making timely monthly payments and practicing good credit management, you can build your credit up over time and you may even qualify to get your deposit back.If you are a student there are several options available to help build credit early, including ​student credit cards​. They offer protection and perks such as rewards on spending. Take advantage of your student status and leverage tools designed specifically for you.

2. Maintaining Your Score -​ T​he number one thing you must do in order to maintain your credit score is always pay all of your bills on time. The key rule is: DO NOT spend more than you can afford to pay back. Things like your payment history, your amounts owed, the length of credit history and more all affect your score. Paying your bills on time every month and keeping a healthy balance of debt can boost your credit profile. Negative events like late payments, bankruptcies, foreclosures and collections can hurt your score and even force you to put your long term plans like home or auto ownership on hold.

Establishing credit takes time and patience, but it’s worth the effort. Don’t miss out on the opportunities available to consumers with good credit – begin building yours today.