If you are stuck with a heaping helping of credit debt and don’t have the appetite for it, you may not be able to see your way past the mountain to a time when you will want to get your credit score back to respectability, let alone perfection. But the fact of the matter is that life keeps going, and things will get better when you set your mind to it, and your credit history only stretches back seven years. So, here’s to you, seven and a half years from now, trying to get your credit score up there into the range of credit perfection.
Credit Debt Not Good
It may seem obvious to some, but carrying credit debt is not good for your credit score. Your credit score is a measure of how well you use credit; i.e., how responsible you are with the loans that credit companies decide to offer you. So using your credit card once a month is actually fairly important to maintaining credit, since it shows that you are using it and then paying it off. But accumulating a certain amount of credit debt is a foolhardy way to use credit; it will not do anything good for your credit score, and will ensure that you have to pay serious interest and have less money available for yourself.
Making reasonable purchases on a credit card and paying off the balance in full will steadily raise your score. Raising your credit to the upper echelon of credit scores will take patience; but no mountain is climbed overnight. Set the goal for yourself, train for it, and work hard every day to achieve the next step in that goal. Think of raising your credit score like a fitness program, or learning a new language, or any other long-term goal. These things take little commitments every day, not just big, broad strokes of commitment. Stay behind the 8-ball and you will see the difference; that’s a fact.