- Start with your free credit report to better understand your credit standing. You're entitled to a free credit report from each of the three national credit reporting agencies, including Equifax, each year. Visit www.annualcreditreport.com to request your credit report.
- Create a budget so you can see exactly where your money goes each month. Doing so will help eliminate non-essentials from your spending habits.
- Create a goal such as a family vacation or paying back a certain percentage of your debt to make it easier to curb spending.
- Make a plan for paying back debt most effectively. Working with a financial planner or using an online debt management tool can help you prioritize debts.
- When considering a major purchase, create a list of pros and cons to help you make a smart financial decision.
- Don't let bills pile up; past due bills can incur late fees and will negatively affect your credit score.
- If possible, make more than the minimum payment each month on credit card balances, which may help raise your credit score.
- Avoid opening extra credit card accounts, even when retailers offer discounts for doing so. Just opening one could have a negative impact on your credit score.
Set A Resolution To Be Financially Fit: Equifax Provides Tips On How To Take Control In 2013
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