You may be able to get your deposit back automatically in as little as 11 months when
you maintain a good payment history (subject to credit approval).
You can also find a lender with attractive loan products that allow you to get more money at a lower rate if
you maintain a good payment history.
These cards have the best interest rates, payment terms and credit limits, making it easier for you to
maintain good payment history, thus further establishing good credit.
Credit Repair Tips # 2:
Maintain a good payment history.
Maintaining a good payment history with your new secured credit card is one of the fastest ways to add valuable points to your credit score.
While younger consumers tend to have lower credit scores,
maintaining a good payment history over time will continue to boost your score.
Not exact matches
Bottom line; keep your credit cards in
good shape by
maintaining a consistent
history of timely credit card
payments and a low balance.
According to a blog article published on Credit.com,
maintaining the minimum
payment will keep your
payment history in
good condition.
Keeping at lease the min monthly
payment current will go along ways to
maintaining good credit
history.
But if you have a very low credit utilization ratio, you can make minimum
payment just to
maintain good credit
history.
A consistent
payment history is especially important for retirees who need to
maintain good credit but may no longer have a mortgage or car loan.
A mixture of credit types, such as a credit card, car loan, and student loan, that are
well maintained with
good payment history helps to show lenders that you're financially responsible.
This should hopefully go without saying but a clear and long
history of timely
payments is the
best way to
maintain a high credit score.
Both firms are providing alternative data for the new score, including
payment history on utility bills, cable bills and cellphone bills — information held in a database
maintained by Equifax — as
well as public record information, including address
history, held in the LexisNexis database.
In the VantageScore 3.0 model,
payment history is the most important factor, so
maintaining «
good» or
better credit will rely largely on making on - time
payments every month.
The longer you
maintain current accounts with a
good payment history, the more your score may improve.
Similar to your credit score, this is rooted in your
history of timely bill
payments and
maintaining accounts in
good standing, along with any debts you may have.
Processed accounts payable,
maintained up - to - date vendor statements to ensure timeliness and completeness, communicated with vendors to resolve questions and concerns on invoices, issued of checks to vendors, ran aging as required to identify current items due for
payment Processed accounts receivable, sent information of customer aging summary to stores and collected the
payments,
maintained accounts receivable Calculated monthly sales, prepared all of federal and provincial sales tax report, and remitted the sales tax to government Prepared financial statement for the monthly end and year - end, processed closing account at the end of period Employment
History (continued) Reconciled bank accounts, credit card accounts and other accounts required to reconciled Processed semi-monthly payroll, vacation pay, courted ordered deductions and other benefits, prepared payroll tax report and remitted payroll tax to government Made works compensation report and bill
payment Filed sales invoices, purchase bills and all of documents; trained new employees; Communicated with vendors processing RMA (Return material authorization); provided some customer services as
well as some office duties.
During this waiting period, it's important that the person be current on all
payments and
maintains a
history of
good credit.