What is a Good Credit Score + How To Improve Your Score

If you are trying to improve your credit score, it’s essential to know what a good credit score is and the steps to getting one. This post will cover what affects your credit score, how to improve it, as well as the best way to check your score.

 How To Improve Your Score

Get a Handle on Your Bill Payments

Organizing your bill payments so that you make every payment on time is one of the best ways to increase your score, as payment history makes up the most significant percentage of your credit score.

Don’t Use Up All Your Credit

Your credit utilization ratio refers to the portion of your credit limit that you’re using at any given point in time. One way to keep your credit utilization in check is to pay your credit card balance in full at the end of every month. However, if this is not achievable, it’s wise to keep your total outstanding balance at 30% or less of your credit limit.

Consider Debt Consolidation

The benefits of a debt consolidation loan are that you no longer need to worry about making multiple payments and instead focus on one monthly deadline.

Best Way to Check Your Score

You can go to one of three major credit bureaus to check your credit report for free: Equifax, Experian, and TransUnion. Your credit report provides a history of your financial activity.

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