Ways to improve credit score.

Ways to improve credit score.

Your financial decisions can effect your credit score. Your credit score is important because it could affect your ability to get a loan and how much interest you'll have to pay. It could also affect getting insurance or even getting a job (potential employers can look at it). You can get free reports from each of the 3 bureaus: Equifax, Experian, and TransUnion yearly. Go to annualcreditreport.com which will link you to these sites. It is best to choose 1 every 4 months to keep a look out for any red flags. So, how can you raise your score? Here a few tips:

Pay your bills on time. Don't let anything get turned over to a collection agency.

Don't max out your credit lines. Don't let your balance exceed 50% of the max credit limit.

Apply for a credit limit increase. That will make it easier to do the above.

Have at least one credit card account in excellent standing.

Don't apply for store cards.

Learn more at controlyourcredit.gov for more ideas.