6 tips you can use to help improve your credit score
2 years, 2 months ago

6 tips you can use to help improve your credit score

Associated Press  

NEW YORK — Credit scores are complicated and because rating agencies consider many factors, the process of improving them can look different for everyone. He’s also had no credit cards for at least 10 years — he stopped using them after he declared bankruptcy due to credit card debt. Another small way to tackle debt is the Consumer Financial Protection Bureau’s recommendation to “use cash when it’s under $20” to avoid overspending on your credit card. It’s best to have at least one credit card but the key is to use it moderately, said Colleen McCreary, consumer financial advocate at Credit Karma. “Keeping the length of that credit history open is incredibly important because the length of time you’ve had a loan or line of credit is going to boost your credit score,” Myers said.

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9 Little Ways You Can Improve Your Credit Score (Without Paying Off All Your Debt)
3 months ago

9 Little Ways You Can Improve Your Credit Score (Without Paying Off All Your Debt)

Huff Post  

Natalia Gdovskaia via Getty Images When it comes to your credit score, small things can add up over time. “Having a high credit utilization ratio shows that you’re close to maxing out your credit cards, and can significantly lower your credit scores,” Alev noted. “The length of your credit history plays a significant role in your score, so keeping long-standing …

Credit Score: 7 effective steps to follow to maintain good credit history
9 months, 2 weeks ago

Credit Score: 7 effective steps to follow to maintain good credit history

Live Mint  

By following responsible financial habits, you can build and maintain a strong credit history, which will open doors to better loan terms, lower interest rates, and greater financial opportunities in the future. One can take a number of steps which include paying bills on time, keeping credit card balances low, keeping track of credit score and opting for secured credit …

How credit scores are evolving to improve access to credit
1 year, 9 months ago

How credit scores are evolving to improve access to credit

LA Times  

A low credit score can hurt your ability to take out a loan, secure a good interest rate or increase a credit card spending limit. “I do see that efforts are being made in order to equalize the credit score,” said Rosalyn Glenn, a financial advisor at Prudential who focuses on expanding financial access. Effective July 2022, paid medical collection …

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