Smart Credit Management Tips

Managing your finances is difficult in an always-changing environment. Today's strategy may not be what's best tomorrow. Here are some tips that can help make good credit decisions:

Smart Credit Management Tips

1. Always pay your bill on time.
   Even one late payment can affect your credit standing.
2. Schedule online payments to post at least 5-7 days in advance.
   Pay close attention to how the payment will be processed; electronic vs. check. Checks require additional time for mailing. Note that FNBO credit card payments made on our secure website will post the same day if made by 5:00 p.m. Central Time.
3. Pay more than the minimum payment.
   Not only will you save money on interest for revolving balances, but Creditors will consider you to be a credit conscious and responsible customer.
4. Avoid using all of your available credit on your credit cards.
   By leaving available balance on your credit cards, creditors will consider your outstanding balance a lower risk when reviewing your account.
5. Avoid applying for multiple cards.
   Creditors will look at excessive credit bureau inquires on your report negatively, so don't apply for numerous credit cards when shopping around for your perfect card.
6. Review your credit report.
   Monitor your report on a regular basis to identify possible fraudulent activity and general mistakes so they can be corrected and keep your credit score protected.
7. Sign up for AutoPay.
   Signing up for AutoPay takes the human error out of bill paying. Each month your payment will be deducted from your account so you never have to worry about late payments.