The Most Important Thing You Can Do is Make Your Credit Card Payment on Time! (cont.)
Contributed by Annie Bauers
It is very important that you never pay late or it will show on your report and hurt your score. Do the right thing and pay on time and your credit report will look great and you will have the credit score to go along with it !
Can I build credit by making my credit card payments?
One of the major ways a consumer builds good credit is with their credit card payments. They can be used to build good credit or bad credit. You want to build good credit so make sure you are never late on any of them. As easily as you can build good credit you can damage it if you are late on any of them. If you are late you will lower your credit score and it is difficult to bring it back up. Do your best to manage your debt and be wise and don't over spend.
If you keep your debts low you will be able to make your payments on time and the credit you build will be good. When you have good credit you are privy to low interest rates and other good things. Be a wise consumer and you'll have the good credit to show for it.
