Sharing some of the best practices to maintain good credit score or to improve your credit history if you are in the process of rebuilding: ⚖️ Stay on top of your DEBT-TO-SERVICE RATIO. Keep revolving debt at < 30% of your available credit. This applies to your overall credit balance and the balance on each individual credit facility as well. 📆 Pay all bills ON TIME. Whether it’s a credit card or an internet bill - PAY THEM ON TIME! With credit cards, ideally you want to pay the balance in full every month, but if you can’t - at least make a minimum payment. 📨 ALWAYS follow through when cancelling services (phone, cable etc.). Ensure all outstanding balances are fully paid and accounts are closed. A small collection item from a phone company can negatively affect your credit. 💳 Do NOT close a paid off credit card if you don’t have to. Closing a card may increase your debt to credit utilization ratio and affect the average age of accounts on your credit report. 💔 Do NOT co-sign or guarantee a loan for a friend/ colleague/ relative you don’t trust. If you think you trust them, think again. By co-signing on their debt you are equally responsible for it and may sabotage your credit if the other person stops paying for it. ______________________________ 📞 647 545 4123 📧 [email protected] 💻 www.mcequitysolutions.com ______________________________ #credit #creditrepair #debt #debtfree #debtconsolidation #credithistory #creditreport #creditscore #beaconscore #goodcredit #badcredit