In the long run, these three factors are pretty small compared to
maintaining good credit habits like paying your monthly payments and keeping your account balances low.
You can typically get an FHA loan a mere two years after your bankruptcy case has closed, as long as you've followed the above advice, and
maintained good credit habits since your bankruptcy was closed.
If
you maintain good credit habits with whatever accounts you can set up as a new freelancer, eventually your job will stop being an issue for credit.
Use this study as motivation to
maintain good credit habits, as it will make buying a home much easier and less expensive.
Hopefully, consumers can
maintain these good credit habits as the economy improves and they start spending more on their cards.
Not exact matches
Just like losing weight and keeping it off over time requires that you develop a few new skills and a lifestyle of healthy eating, improving your
credit score requires that you develop and
maintain a few
good financial
habits.
Develop
good habits with regards to paying bills on time and
maintaining credit accounts without charging up high balances or maxing them out.
Capital One gets kudos from us for being straight forward, using clear language on its website and in monthly statements to explain how to build and
maintain good credit, and for finding creative ways to encourage young consumers to develop
good credit habits.
While we provide you with some ways to jumpstart your
credit or to give it a little push, remember that the only true way to build and
maintain good credit is submit to the system and adopt responsible financial behavior as a permanent
habit.
Keep with the
good habits you formed while rebuilding your
credit, and it will be easier to
maintain your new,
better credit history.
Establishing and
maintaining good credit is a lifelong endeavor, and the sooner you can improve on your smaller
habits, the larger the positive impact can be.
Just keep in mind that higher numbers are
better — and that the key to healthy
credit is to
maintain healthy financial
habits.