Essentials of Business Communication 8th Edition by Mary Ellen Guffey

Exercise 46

Your Task. Revise the following wordy, dense paragraphs into a set of concise instructions. Include a short introductory statement.
Obtaining credit and keeping good credit can be difficult, especially for young people. Here are five suggestions that will help you obtain credit and maintain a good credit score. One thing I like to suggest first is getting a gas store card. These cards are easier to get than regular credit cards. What's great about them is that you can establish a credit history by making small payments in full and on time. To maintain good credit, you should always pay your bills on time. Delinquencies are terrible. They create the biggest negative effect on a credit score. If you already have credit cards, your balance should be paid down. If you can't afford to do that, you might take a loan from a family member or friend. If you have unused credit card accounts, don't close them. I know it sounds as if you should, but actually, canceling a card can lower your score. Don't do it! Finally, never max out your credit cards. A good rule of thumb to follow is keeping your balance below 30 percent of your credit limit.