How to maintain a good credit score


Having a stellar credit score should be aspired to by consumers because it improves the chances of qualifying for finance.   

What is a good score? 

  • 800 to 850 = Exceptional 
  • 740 to 799 = Very Good 
  • 670 to 739 = Good 
  • 580 to 669 = Fair 
  • Under 580 = Poor 

When one is looking to maintain a good credit score it may put them in a better position for competitive interest rates. 

How to maintain a good credit score: 

Use your credit wisely and responsibly. By doing this then you are more likely to maintain a good score. 

Find out what your score is. Doing this gives you an excellent starting point so you know exactly what you’re working with. 

Don’t neglect any payments. If you want to keep up this reputation, then you should keep paying on time and paying what you owe in full. 

Don’t remove any amounts that you have paid off from your record. 

Avoid applying for new credit as this will affect your score. If you exceed your limits this will put a dent in your score. 

Communicate if you encounter any problems with repayments. Communication is key. Your creditors may be willing to create a new repayment plan. 

Keep track of your spending and you won’t resort to having to rely on credit. Establish an emergency fund to cover you in financially difficult times. 

Be organised and pay attention to payment due dates and take control of your financial state. 

If you want to take control of your finances, then getting a handle of your score is vital. By being a model consumer you are able to keep up this standard.


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