Your credit score is an important part of your life. It can help determine the interest rate you get on a loan or even if you qualify for a loan at all. If your credit score has suffered, here are a few tips to help you improve your credit score.
Check your credit report
If you are unsure about your credit history, you are entitled to a free credit report each year from each of three credit agencies. Read through each report to look for any errors, which you should get resolved as soon as you can. Understanding your credit can help you improve your financial standing and potentially help you get a great deal on a loan.
Make payments on time
The biggest detriment to your credit score is making payments late, especially more than 30 days late. To help ensure you get each payment in on time, you can set up payment reminders, like a calendar notification.
Pay off debt quickly
Check through your budget and you likely find some money that you can move towards paying off debt. Consider focusing on one debt at a time, while still making your minimum payments each month. Put as much money as you can afford each month into paying down that debt. Once that is paid off, use that money to pay off your next debt.
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