by 
Whether you are a retiree, working mom, or an ordinary employee, you should know by now how a good credit score can affect your life sometimes. First and foremost, your credit score can have an effect on the terms of any type of loan you try to apply for in case you need one. If you wish to maintain a good credit score, here are some of the things you need to consider.
Pay bills on time.
Paying all your bills on time is an important factor for credit reporting agencies to determine your credit score. In fact, about 35 percent of all information used to get your credit score is dependent on your payment history. Avoiding late payments of your bills can boost your credit score, especially if you are just starting to build it up.
Monitor your credit card balances.
Your credit score can also be affected by the status of your credit balances. It is important to keep your credit balances within a certain limit relative to how much credit is available to you. Essentially, the lower your credit balance, the better. But you should also bear in mind that having a zero credit balance can also hurt your credit score.
Avoid closing credit accounts frequently.
It is always important to maintain a good credit history. This includes having a lengthy history of paying your debts on time. It also helps that you maintain your credit accounts for a longer period of time and avoid closing them frequently simply because you may no longer have a need for them. Closed credit accounts that have a short life before there were closed can have a negative effect on your credit score.
