Workshop Seven
Module 7: Managing New Credit Responsibly
Consistency & Utilization Mastery
Once new accounts are open, how you manage them day-to-day is what truly rebuilds your reputation with lenders. Scoring models reward consistent, low-risk behavior over time.
A key factor is utilization—the percentage of your available credit you’re using. Keeping balances below 30% is good; below 10% is ideal for stronger scores.
Automatic payments, statement reminders, and budgeting tools can help you avoid late payments and keep your usage steady, not spiky.
By managing new credit carefully—no unnecessary inquiries, no maxed-out cards—you show that you’ve changed your habits, not just opened new accounts.
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