3 Ways to Defend Your Credit Score

Coming back from a bad credit score can take some time, but once you improve this figure, you are probably quite relieved. You should do your best to make sure that it stays that way. You can continue to make your payments on time and decrease your balance, but if you are intent on keeping your score in one place, you may want to try other methods. Here are a few ways you can protect your credit score:

Throw away old credit documents properly
Depending on your bank or credit card company, you may still get paper monthly statements. While these can help you track your spending, the statements can begin to pile up. Once you are done reviewing these documents, make sure to rip them up so none of your credit card information can be seen. If someone gets a hold of your information, they could use up your balance, knocking down your credit score by a few points. Shredding old statements, receipts and even all the credit card offers you get in the mail can help you protect your credit information and ensure that no one will see it.

Look at your credit report
While you are trying to defend your score, you should inspect your credit report every now and again. You never know if you could be accidently hurting yourself by overspending or if there are errors on your report. This document will have a rundown of all your debts and any blemishes, such as late payments or bankruptcies. It can be a great guiding tool to show whether you are still keeping your score intact.

Take security precautions
Identity theft can be a major problem for credit card users. Illegally opened credit accounts can can do damage to your credit score. To prepare yourself in case this situation occurs, you can put a fraud alert on your accounts. This security precaution will require lenders to contact you if someone using your credentials is asking for an extended line of credit or a loan. This can stop people who are trying to illegally apply for a loan under your name.

Another security precaution you can take is simply logging out of your online accounts once you are done banking online to ensure your information won't be seen by others.