Maintaining Your Credit Score: Open a Credit Card and Use it Wisely

Opening and using a credit card responsibly is one of the most effective ways to build your credit. Why? Because one of the most important factors when calculating your credit score is your payment history.

So, when using a credit card, follow these 3 tips to maintain your credit score:

  • Keep your balance low, because the lower your credit utilization rate, the better for your score
  • If you already have credit cards, keep those accounts open so that you don’t lose your credit history
  • Pay your bill on time, every month

If you’re one of the millions of Americans who are credit invisible and credit unscorable, or just want to improve your existing credit score, then solutions like RentReporters can help you by reporting on time rental payments to TransUnion.

For more information on RentReporters, visit here.

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