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1 |
Always pay your accounts on time every month. If you can not pay this
month, be sure to pay next. If you are unable to make a payment due to
unforeseen circumstances, talk to the credit lender concerned and make
alternative arrangements to pay back what you owe. If you fall 2 or 3
months into arrears, credit lenders will be less likely to give you
credit in the future. |
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2 |
Pay the full
installment amount that is owed on your accounts every month.
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3 |
Budget - never
buy on credit without knowing if you can afford the monthly
installments. When applying for credit ask the credit grantor to show
you how much you will pay every month. Decide how much you can afford to
spend every month and do not exceed it . |
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4 |
Try to keep
credit repayments between 20% and 30% of your monthly income.
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5 |
Ensure that
you always supply the most accurate information about yourself on a new
credit application. |
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6 |
Never ignore a letter of demand for
payment. Make a phone call or write a letter to explain your situation.
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7 |
Never ignore a summons to court for
non-payment. This could become a very serious reflection on your credit
profile. |
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8 |
Check your credit report regularly
to make sure that the information on your credit report is accurate.
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9 |
And lastly,
the most important thing
to keep in mind is to remain level headed and always ask for information
where you are unsure. Most, if not all, credit lenders want to do
business with you, and many, will go out of their way to provide you
with the best possible service they can to ensure that you will return
to do more business with them. |
