Lesson 10: 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. Knowledge is power as they say! If you want to improve your credit score, knowing where you stand and how that affects your creditworthiness is important. Doing a monthly...

Lesson 10: 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...

Lesson 10: Step 4. Settle defaults or judgements

Settle any outstanding judgements or defaults or make arrangements for a payment plan so this debt can be settled as soon as possible. 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...

Lesson 10: 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...