- Check your credit card account online regularly.
- Pay your bills on time to avoid negative reports to your credit report since bills over 30 days late will appear on your report.
- Keep your credit utilization below 30%.
- Bankruptcies will stay on your credit report for 10 years.
- Add a monthly recurring charge (cell phone bill, gym membership, etc.) to keep old credit cards active.
- Communicate with institutions and lenders if you are having difficulty paying your bills. They will generally work with you.
- Employment credit checks are sometimes taken in consideration when people apply for jobs depending on the type of role and state in which you apply.
Annual credit report
- AnnualCreditReport.com allows you to pull one credit report from each credit bureau every 12 months (Pro tip: instead up pulling all three every 12 months, pull one bureau every four months).
- Credit repair companies can pull your credit to help, but in reality you can repair things yourself without the added expense.
- Save credit reports for your own records.
Your chapter 3 checklist:
- Watch the Rebuilding credit, potential jobs, and corrections to your credit report video,
- Download the Credit myths: Discredited worksheet, and
- Check your credit score.
Watch the next video in the series: Credit reports and scores
Get informed on the roles and relationships between credit reports, scores and bureaus.