Maintaining a high credit score is important if you are planning to use debt to purchase a home or vehicle. 
The higher your score, the better your interest rate will be which will result in significant savings. Below are some tips to follow if you want to boost your credit score.
1. Avoid using a P.O. Box because it makes credit bureaus think that you either lost your home or that you are the victim of identity theft.
2. Shred your financial statements or anything that contains any of your financial information to prevent thieves from stealing your identity.
3. Pay all of your bills on time. If you are late on one vehicle loan or credit card payment your other lenders may jack up your interest rates.
4. Keep a close eye on your credit accounts by using online banking and checking your statements. That way if you see anything out of the ordinary you can report it right away and cancel your card.
5. Don’t apply for too many credit products at a time, as it will make credit bureaus think your identity has been stolen or that you are desperate for cash.
6. If you are going through a tough time financially, preserve your credit rating by contacting your lender to see if you can make alternate arrangements such as making only half the payment or skipping the payment altogether.
7. If you notice some inaccuracies on your credit report that will harm your credit score, be sure to dispute them and get it straightened out.
8. Make use of your oldest credit card once in a while to ensure that the good credit you have built up on the card is not diminished due to lack of use.
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