While those with bad or little credit may spend a good amount of time building up their credit score, those with good credit or who have already purchased a home, vehicles, and other big-ticket items may find that they do not need to focus so much on their credit score. In fact, some may allow their credit to slip if they no longer have the need to secure large loans.
Those with no plans to apply for a large loan or credit card within six months to a year may believe they no longer need to keep a close eye on their credit. While they may not need to maintain every single point, they should make certain that their FICO credit score does not drop too much. Those with good credit will want to make certain that it remains in the mid-to-high 700s range. It is much easier to recoup a couple of dozen points than it is to build back up from a sub-700 score.
These consumers need to keep a closer eye on their credit history, which has more of an effect than a credit score in some cases. Employers, for example, often view potential employees' credit history rather than their credit scores to see if they have been delinquent. It is therefore important that all consumers remain current on their bills as much as possible.
If you would like to monitor your credit to prevent identity theft and see your credit reports and scores, check out our credit monitoring service.