5. Closely manage credit

If you’re like most Americans, you’re probably among the 174 million who have at least one credit card. You might think you’re doing OK by paying your bills on time and in full each month, but that isn’t enough. If you want to have excellent credit, it will be necessary for you to actively manage it.

An important part of managing your credit is ordering a copy of your credit report each year. This will allow you to see whether there are any mistakes that should be corrected. Checking your report also gives you an opportunity to see whether someone might be fraudulently opening accounts in your name. Staying on top of your credit activity and taking steps to correct mistakes could help you raise your score and stay in good standing with your creditors.

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