Avoid taking on new debt if you're concerned about your credit rating
Have a solid plan to pay off any debt during a 0% balance transfer period to avoid a cycle of debt
Prioritize paying down the debt with the highest interest rate to reduce the overall interest paid
If possible, pay off low-balance debts completely to achieve a sense of accomplishment and eliminate a liability
Don't cancel a credit card immediately after paying it off, as it can negatively impact your credit rating by increasing your debt usage ratio
Make regular, on-time payments for all your bills and debts
Keep your credit utilization ratio low by using only a small portion of your available credit
Monitor your credit report regularly to check for any errors or inaccuracies that could be hurting your score
Avoid opening multiple new credit accounts within a short period, as it can signal financial instability
Build a positive credit history by maintaining long-standing accounts in good standing