The more you pay your bills on time and you pay your balances in full, the more you earn the right background, the better your credit record is excellent and it's easy to get financing!
The Top 10 steps to a Good Credit
- Always pay on time. The delays result in interest charges. If necessary, use an authorized payment plan.
- Always pay your balance in full. If it is too high, set the maximum amount possible, but never less than the minimum balance due.
- Do not live above your means. Try to keep your monthly debt below 10% of your monthly net income.
- Do not exceed your credit limits. If necessary, if you can, ask for a higher limit.
- Make a budget and stick to it. Spend wisely after collecting your income and check your business regularly.
- Do not accumulate credit cards. The more you have, the easier it is to slip. Also avoid those that carry high interest rates.
- Do not transfer your balances unnecessarily. Do it only to enjoy a long-term interest rate which is actually lower.
- Always have emergency funds for contingencies. At a minimum, these funds should be three times the amount of your fixed monthly expenses and, ideally, the equivalent of six months' salary..
- Notify your creditors when you move. A current file avoids unnecessary glitches.
- Obtain credit insurance. To have a clear head and protect yourself and your family in case of bad luck.
The protection of my personal information against identity theft
How to recognize the signs of a future victim of identity theft.
- You no longer receive your credit card statements or outright any mail at all.
- You receive bills for credit cards that you never requested, statements of accounts that are not in your name or for purchases you never made.
- You receive a call informing you that we have assessed your application for credit when you have never asked for it.
If any of these situations occurs, react quickly !! What you need to do:
- Notify the police as soon as you notice it.
- Inform Equifax Canada, Trans Union, financial institutions and all the companies with which you do business (have an account or debts) and send them a copy of the police report as soon as you have it.
- Cancel all your credit cards, debit cards and all your accounts, passwords, PINs and other security codes affected by the theft, and replace them with new ones.
- Remain vigilant thereafter to identify any new attempt.
Unfortunately fraudsters are everywhere today. Particularly on the Internet, phone, and in the business community. And they are often as clever as they cunning. That's why, when you get caught, it often makes a big hole in your finances. Be vigilant. And especially do not be naive! To avoid the bait, act as follow.
- On the Internet
Never ever give your personal information without verification. Fraudsters excel in the art of persuasion. Remember: your institution will never ask you for personal information via email. Never. Period.
- On the phone
Never give your personal information unless you know the caller or have initiated the call yourself. Beware like the plague of incredible deals! If it's too good, it might be wrong. If pressed, hang up. No one can force you to give any information or to make a commitment.
- In general
If you have any reason to believe that your personal information has been usurped, inform without delay the competent authorities (banks, credit card issuers, utility provider or other). If it is serious call the police.
Never lend your credit or debit card, never carry your bank receipts and never write your PIN or any password, even using a code. It could deprive you of compensation.