• Pay your bills on time: The most important rule for maintaining good credit is paying your bills, bills and debts on time. You can start improving your credit history immediately by making at least minimum payments on time. If you follow this advice, in a few months will result in a new and improved credit report.
• Use credit sparingly: Another golden rule is to spend no more than a third of their income paying off debts, including mortgages, credit cards and consumer loans. Try to use credit cards only for purchases that have long-term value such as furniture, medical care, or emergency repairs. Do not rely on credit cards for everyday expenses, like dining out or pay for entertainment

• Fix errors: Your credit is a reflection of the information found in your credit report. If the report contains negative information, will impact your credit negatively, regardless of whether the information is accurate or not. Review the reports of the three credit bureaus to see if they are accurate, at least once a year, and especially several months before applying for credit.
• Pay off old debts: Try to pay all outstanding debts. Establish a written payment plan and when you have paid an account, make sure you receive a letter from the creditor that updates the registration of the credit bureau.
• Pay more than the minimum required: If you pay only the minimum debt each month, you’ll pay much money on interest. For example, if you have a card with an interest rate of 18.5 percent and only pay the minimum balance due each month, it will take more than 11 years to pay off a debt of $ 2,000, plus pay interest on $ 1,934, almost double the value of your purchase.
• Do not use the ceiling of your credit cards: Use only between 30 and 50 percent of available revolving credit.
• Work with a credit counseling organization honest, non-profit: There are many community based organizations, honest, and non-profit, which can provide individual assistance to help improve your credit. Do not confuse the expensive credit repair clinics with legitimate credit counseling organizations and nonprofit. Be very wary of organizations that charge high entry rates, making unrealistic promises, and they do not have credentials for accreditation. Contact us to confirm that any charges that you are charging is reasonable.

Before working with an organization, ask how to inform the credit bureaus, how often pay their creditors, if need to change your payment dates to coincide with the dates on which the organization pays creditors, and how long take you to pay your debt.

Debts and financial problems could lead you to have a very unhappy and stressed life. You should try to avoid in your life these stressors and things that could make you stay overwhelmed in problems that affect your financial status and even your credit record.

In this article we have the intention to provide you good advices and tips that will help you in both have a better control of your finances and avoid unnecessary debts. It is highly important that you pay attention to these important tips that will make you more mature managing your finances and having the perfect plan on your expenses and the way you administrate the financial topics at home. Let’s now see these top 5 things I would like to share with you.

1. Evaluate your real needs
It is very important that you always can evaluate which are your real needs. If you feel enticed to purchase something you think you need, think twice and determine if this is really something that can solve you a problem or is a priority in your life. If response is yes, you should buy it but otherwise you could wait for other moment.

2. Don’t overuse your credit limit
Don’t use you credit limit and make wise expenses only in things that are necessary for you. Sometimes you purchase something with your credit card that is not so necessary for you and then you are in an emergency where really you need these funds you have expensed in the item you bought some days ago. It is important keep the credit for emergency uses.

3. Always make a plan
Planning is something basic and more if you have the responsibility to keep your house finances under control. Try always to make a good plan involving all the members of your house and make them aware of your financial situation.