credit score

A credit score is a numerical value that represents a person's creditworthiness.

credit score

It is used by financial institutions and lenders to determine the likelihood of a borrower's repayment of debt.

credit score

The most widely used credit score model in the United States is the FICO score, which ranges from 300 to 850, with higher numbers indicating a better credit score.

Tips to Boost Your Credit Score

Pay your bills on time: Late payments can have a negative impact on your credit score, so it's important to pay all your bills on time.

Tips to Boost Your Credit Score

Keep your credit card balance low: High credit card balances can indicate that you are growing yourself financially, which can lower your credit score.

Tips to Boost Your Credit Score

Try to keep your credit card balance below 30% of your credit limit. Do not close old credit accounts:

Tips to Boost Your Credit Score

Closing old credit accounts can lower your credit score, as it can reduce the total amount of credit available to you. 

Tips to Boost Your Credit Score

Be selective about applying for new credit:  Every time you apply for credit, it generates a "hard check" on your credit report, which can temporarily lower your credit score.

Tips to Boost Your Credit Score

Tips to Boost Your Credit Score

Check your credit report regularly: Review your credit report regularly to ensure that the information it contains is accurate.

Tips to Boost Your Credit Score

Tips to Boost Your Credit Score

Dispute any errors with the credit bureaus. Consider a secured credit card: A secured credit card is backed by a deposit you make with the issuer.

Tips to Boost Your Credit Score