1. Pay Bills on Time
Avoid Bad Credit from Late Payments
Pay all of your bills on time. Don’t underestimate how important it is to pay your regular bills, like hydro, gas, cable, internet, etc. on time every month.
If you find that you’re forgetting to pay sometimes, set up auto-pay through your online banking or put a reminder on your calendar.
If you don’t have enough money when bills are due, put money for your bills into a separate bank account as soon as you get paid. If possible, set this up so that it automatically happens with every pay cheque.
While paying bills on time won’t fix your credit directly, it will signal to lenders that you’re managing your money effectively.