Be in the know when it comes to settling your debt
The best approach to a great credit score, is well managed debt. However if you find yourself, falling behind on your payments, it is key to address the problem sooner, rather than later.
A great credit score depends mostly on the status of your debt as shown in your credit report. Getting your score to be “Good” or even “Excellent”, will require you to address any negatives debt statuses in your report. When reviewing your credit report, you should be on the lookout for the following debt red flags:
- Late payments on accounts