Join our #CreditChat on Periscope, YouTube Live, Twitter, and Snapchat every Wednesday at 3 p.m ET. It’s the New Year and we will be discussing tips to improve your credit health to start the year off right.
We also featured financial tips all week on Snapchat.
The first step is to get copies of your credit reports from Experian and each of the other national credit reporting companies. If you find anything to be inaccurate, follow their dispute instructions to have it corrected. Learn more here.
You need to know your credit scores because they are often used by lenders and banks as they decide whether to offer you credit, such as a credit card, mortgage or auto loan. What is a fair credit score? Learn more here.
On the FICO scale, a score above 800 is considered exceptional. But anything above 670 is considered to be good. Learn how to get your credit score above 700 here.
Paying off your bills is a very important step in restoring your creditworthiness and your credit scores, but it is only the first step. If you stop using credit now, you are essentially freezing your credit history where it stands. To help your credit scores increase you need to start adding positive, current activity. Learn more here.
Tips to Improve Your Credit Health
If you’ve never heard about #CreditChat, here is a brief overview: