Episode 23: How to boost your credit score.
In this episode, you will:
- Become aware of factors that affect your credit score.
- Learn about steps you can take to increase your credit score.
Click to listen:
Your credit score is a very important financial number in your financial life. The higher your score, the higher your chances for qualifying for loans and credit cards at favorable terms which will save you more money. You know I have passion for finding ways to save you more money. If your credit score is not in the high 700, then you need to consider improving it. There are some quick steps you can take to see some quick bounce in your credit score, but it generally takes time to see meaningful improvement especially if your current score is in the low 400’s. I came across an interesting statistics on FICO website about credit score distribution in America:
|FICO Score Range||Percentage of U.S. Consumers|
If your credit score is below 650, it is considered not good. And this episode is for you.
|Approximate Credit Rating||FICO Score Range|
|Exceptional||800 or above|
To start this process, please go to www.annualcreditreport.com. You can request a free copy of your credit report from each of three major credit reporting agencies – Equifax®, Experian®, and TransUnion® – once each year at AnnualCreditReport.com or call toll-free 1-877-322-8228.
Click to subscribe: