Don’t know your Credit Score?

Bad credit can most certainly bring your world and all of your financial plans to a grinding halt…especially if it catches you off-guard.

Don’t be surprised by your credit standing. Educating yourself on your own financial position is the first step to making a smart decision about applying for a new line of credit.

3 Steps for Establishing Good Credit

1. Pay bills on time.
A late payment will drag down your score just as quickly as a few months of consistent payments will boost your credit

2. Pay down the maxed out cards first.
Points are deducted from your score any time you charge more than 50% of a card’s limit. Keep your spending limit below this level.

3. Do not cancel any of your credit cards.
Because one-third of your score is based on how you use the credit available to you, cutting up credit cards can be detrimental to this measurement.