A credit card user can follow 3 basic guidelines to keep his or her credit rating at the highest. While experts provide lots of advice on how to build a good score, its as important to know how to maintain what you currently have. Thats what we call the 3 golden rules of maintaining your current rating
Golden Credit Rule #1 : Pay on time, every time. Forgot to mail the payment on time, dont worry, go ahead and send it in immediately or call the creditor to make an online or other payment arrangement. Credit agencies and creditors primarily look at ontime payments as as a critical indicator and pattern of good credit usage or behaviour.
Golden Credit Rule #2 : Make sure you do not use more than 30% of the total creidt line that has been granted to you. Having more credit is not considered bad unless you have defaulted or have been late on payments. Gain as much credit as you can but restrain yourself into using only upto 30% of the entire line. This will help you improve your overall credit score.
Golden Credit Rule #3 : Do not cross your credit limit or credit line. Remember to look at the account summary to understand the extent of credit granted to you and the available cash advances.
Hope those 3 tips are useful and watch for more soon.