What are the most important credit strategies?
A. Don’t get your options cut off. People get discouraged and just don’t pay some bills. This is the wrong way to go. If you are short on funds, move money around to manage cash flow. The minute you start being over 30 days late credit is shut down and cash flow stops. When cash flow stops, your “dead in the water” unless you have the income. To top it off, people typically get late fees and charges that throw their tight budget way off. This is the time to “put on the steam” by moving money around, taking out another loan, or working overtime at your job. Do not give up.
