Step 7 – Keep an eye on your credit rating

We often say the first step to a better financial decision is getting the right information. If you want to improve your credit score, knowing where you stand and how that affects your creditworthiness is important. Doing a monthly credit check helps keep you informed...

Step 6 – Lose what you don’t use

This topic sits close to the key learning from Step 2 in this lesson. The main difference is that instead of consolidating debt by closing accounts and having one bigger loan to repay, you close off available credit for good. Many people keep overdrafts, revolving...

Step 4 – Settle defaults or judgements

The tricky part to this is that it means you will need to work with the lender who reported you, and then the court or justice system handling judgements. Credit bureaus can help you contact the right parties to get your record cleared. Visit the section with credit...

Step 3 – Pay on time

The best thing you can do to build a good credit rating is to ensure that you pay your debts on time. Each payment you make is logged in your history and few things will catch the eye like the visual markers of your payments falling all over the place. Especially if...