No one is immune to debt and the pitfalls that come along with getting too much in debt. When debt becomes debilitating, it can be difficult to deal with mounting bills and find ways to improve credit ratings and scores. However, there are tips for those in Florida who wish to get a handle on credit card debt and ensure a better credit rating in the future.

One piece of advice is to keep accounts open. Paying off the balance is a great step toward financial independence, but that should not lead to closing out an account. By keeping the account open with a zero balance, the account benefits credit history checks by helping to improve credit ratings.

Also, it is advisable for everyone to keep an eye on their credit score. While people may think they are either making progress or that they may not qualify for certain loans due to a bad credit score, not knowing for sure can be detrimental. There is always room for error, and not checking the score on a yearly basis can mean that these errors go undetected.

Credit card debt can affect nearly every facet of a person’s life. When someone feels as if they have a clear handle on the problem and progress is being made, he or she may be ready to explore options for dealing with credit card debt in the most effective way possible. When credit card debt has become too much to overcome on one’s own, a Florida resident may want to investigate the ways in which bankruptcy may help him or her discharge some of that impossible-to-tackle debt.

Source: USA Today, “Rebuilding credit WITHOUT using credit cards“, Jason Steele, Nov. 22, 2014