Ways to Improve Your Credit Score

Credit Scores are continually changing, depending on how well ... or poorly ... a person manages their credit!

Good Credit vs. Poor Credit: What does it Means?

Good Credit

  • Lowers interest rates, which could save hundreds, if not thousands, of dollars in interest costs
  • Allows you to be more selective when choosing a lender
  • Can mean preferred rate on car insurance

Poor Credit

  • Higher interest rates
  • Result in loan applications being rejected
  • Can get denied for basic services
  • Can mean high cost premium on car insurance
  • Can cost you that job

How to Build and Maintain a Strong Credit Score?  

  • Pay bills on time
  • Apply for credit only when necessary
  • Keep credit card balances to less than 50% of the available credit limit
  • Make more than the minimum payment  
  • Have a mix of credit account types
  • Review your credit report regularly
  • TIP: the longer the credit history, the better