This is the time of year to stop assuming that your finances and credit score will suffer during the holidays.During this most wonderful time of the year, you can protect and rebuild your credit with a little planning and complete control over your scores.

1.Charge only what you can afford to pay off each month.

The last thing you need as you work to rebuild your credit is a lot of debt from the holidays that you have to pay off in the new year.It not only increases your credit utilization ratio, which is bad for your credit score, but it also increases the amount of money you spend on interest payments.The more debt you have, the more likely it is that you will only be able to pay the minimum amount each month or, even worse, develop the habit of paying your bills late.Examine your budget thoroughly for November and December.How much money is coming in to cover your credit card spending for the holidays?After you've done the math, keep your holiday credit card spending to the amount you can afford to pay back each month.

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