A question we often get asked is, “How can I improve my credit score?” While credit scores can often seem mysterious, understanding what makes a credit score can actually be very straightforward.
The three digit number of our credit scores is a representation of how we use credit, measured in 5 different ways. Improving one or more of these 5 factors can help to improve the overall score.1. Payment History:
This is the single most important component of your credit score. Lenders evaluate your future ability to pay based on your payments in the past. Since your Payment History comprises 30%-35% of your score (based on the scoring model), making the payments on time, every time, is the most important step you can take when building and maintaining your credit score.
Taming the Urge:
Taming the Urge: Simple Tips to Resist Impulse Buying Impulse buying can wreak havoc on your finances and lead to regret. Here are some practical
