Here are some brief tips to help improve/build your credit score:
Keep Your Credit Card Balances Low
Keeping your balance low is important because it shows you can responsibly manage your credit. Try to keep your balances at 30% of your limit or less.
Make Timely Payments
Making late payments can heavily impact your credit score, so be sure to set reminders and pay your bills on time to keep your score high.
Maintain Established Accounts
Having accounts open and well maintained over a year or more can greatly increase your credit score by showing you can manage accounts over a long period of time.
Prioritize Your Payments
While paying off collections is important, maintaining healthy active accounts makes a bigger impact. Focus on current accounts as well as collections.
Please don’t hesitate to share these tips.
Jim Thelusca
973-666-1188
JThelusca@PagodaRPM.com