Friday, October 29th, 2021

7 Money Habits that Can Boost Your Credit Score

Having a good score can help you qualify for lower interest rates on all kinds of financial products, from mortgages to auto loans and credit cards, lowering your monthly payments and helping to free up money you can use to cover other expenses or funnel into your savings account. A high score can also make it easier to rent an apartment or apply for a new job.

Improving your credit score doesn’t happen overnight. Whether you’ve been taking advantage of these borrower protections or not, now’s the time to work on your score. These steps can help you get started on the path to a better financial future.

Improving Your Credit Score

Pay bills early

Timely monthly payments are the best way to boost your score.

 

Multiple payments

Make more than one monthly payment toward your credit card bill.

 

Sign up for alerts

Sign up for credit card balance and payment due date alerts so you never miss a payment.

 

Max out monthly payments

Every dollar counts. Pay whatever you can reasonably afford beyond the minimum.

 

Sign up for Experian Boost

Make your monthly utility bills count toward your credit score when you sign up.

 

Check your credit report

Look for fraudulent charges and dispute anything that is suspicious.

 

Don’t open new cards.

Keep the ones you have open, but don’t start a new credit line when trying to improve your score.

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