Pay Your Bills on Time and Improve Your Credit Score
Like eating well, having good hygiene, and maintaining exercise, good habits are important for a stable life. Consistency is key in maintaining these habits. Such is the case with your financial health. By developing healthy financial habits, you can alleviate or avoid the stresses many people experience whilst managing their money while improving your credit score. You may still encounter setbacks but they may be less frequent and may be taken as a softer blow when they do come along.
The best way to improve your credit score by far is to pay your bills on time all of the time. Making punctual payments on your accounts makes up 35 percent of your entire credit score. This is also one of the best ways to build your credit score fast.
You can ensure you never miss a payment in two ways. The first way is to set up autopay on your credit accounts from your bank account. The money will be automatically deducted from your bank account so you do not have to remember to manually process monthly payments. This is a fool‐proof method that is guaranteed to succeed ‐ ‐ but only if you are certain you will have the funds in your account every month.
If you are not certain you will have the funds on a set date each month, or you prefer to pay manually, you can create a calendar reminder for every separate due date. If the due date falls on the same week each month, you can simply choose a day of the week to make all of the payments. This is another great way to feel more connected to and aware of the funds you spend on bills but it is a little harder to maintain. If you struggle with reminders, this may not be the best method for you.
Looking to learn more about getting out of debt and into a home quickly and effectively? Visit Madison Monroe and Associates online today to learn how.