- onlinesupport@myaffinitybank.com
- MON--FRI 9:00 - 4:00 ET
- Local: 678-742-9990
- Toll Free: 866-736-8194
- Auto Loan Payment
- onlinesupport@myaffinitybank.com
- M-F 9:00 - 4:00 ET
- Local: 678-742-9990
- Toll Free: 866-736-8194
- Auto Loan Payment
Managing Your Credit: Part I
By now, we've likely driven the point home about how important your credit is.
To help better assist you with managing your credit, we’ve put together this list of top tips to follow. While we can’t understate how tedious of a process it can be, it’s well worth the effort. It is our hope that these tips bring value to your credit journey.
Think of this as a study guide that you can reference if you’re ever in doubt about a move you should make with your credit. Read on to get the inside track.
Punctuality is Key with Credit
The best advice we can give when it comes to managing your credit is to pay everything on time. You know what’s due when. You must follow these guidelines to the tee. Failing to make even one payment can have dire consequences on your credit score.
Your payments come with a minimum monthly amount. If nothing else, make sure you pay this amount. This will keep your credit in good standing. But, if your balances are somewhat high, then it’s a good idea to pay ahead when you can. It may feel unfair at the moment, but your later self will thank you for it.
Keeping Balances Low
Another great idea is to be mindful of your balances. One of the quickest ways to find yourself upside down on your credit is to use more than the recommended amount of your credit line. The best rule of thumb is to keep your balances below 30%. Anything more can become difficult to pay down, especially if your income can’t handle it. This can gradually lower your credit score over time.
Looking for quality banking services? You’ve come to the right place. Affinity Bank offers a wide range of services that you can trust. Contact us today to learn more.
