According to a recent Newsmax article, consumer credit has risen to $18.4 billion in May 2017. Clearly, American consumers are accessing credit again in large amounts. This could lead to some people running into trouble. However, there are many credit secrets that consumers must know about if they want to keep their credit score as high as possible.

Use Credit Wisely

Consumers must be very discreet about where and when they open lines of credit. Today, it is easier than ever to obtain credit. Our email inboxes seem to be filled with numerous credit offers for everything from credit cards to store lines of credit. Consumers must carefully evaluate these offers and decide which ones are the best deals for them. You may be offered a line of credit at a popular chain store, but if you rarely shop there, a line of credit will only get you further into debt. With credit card offers, pay attention to the fine print. Carefully review whether the card offers benefits that you can use, such as cash rewards or air miles. Of course, you should always check the interest rate on the credit card.

Check Your Credit Report Regularly

Consumers are responsible for checking their credit report at least three or four times a year. This is important to ensure that there are no errors in your report that will hurt you later on. It is also useful for identifying whether you are a victim of identity theft. If you spot any errors or inconsistencies in your report, notify one of the credit bureaus as soon as possible so that it can be fixed.

Get Financial Wisdom

Consumers are also responsible for educating themselves on financial matters, including how to keep a good credit score. The best way to do this is to read as much as possible. Consumers can read financial magazines and website such as Newsmax to get the best Newsmax credit secrets. You can also watch videos that are posted online by subscribing to the Youtube channel of your favorite financial advisors such as Dave Ramsey or Suze Orman.