Building Strong Credit

​Below are some refresher tips on how to build (or rebuild) strong credit…

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• Pay on time, every time - payment history is 35% of your credit score.
• Keep balances low - use less than 30% of your credit limit (ideally <10%).
• Avoid frequent new accounts - too many hard inquiries can ding your score.
• Use a mix of credit types – having credit cards, auto, and mortgage accounts can help for higher scoring potential. However, don’t go into debt just for credit score improvements. This makes up a smaller portion of your score.
• Check your report annually - use AnnualCreditReport.com to stay up to day on your report and if needed, dispute errors.

 
Having solid credit can save you thousands in interest.
 
We’re very comfortable understanding how to help folks improve their credit. Reach out with questions…we’re happy to help!