6 Steps You Can Take Now to Improve Your Credit Score by 20 Points
Have you maxed out your credit card or missed a payment? Do you have a lot of debt? Don’t worry; we have solutions.
We’ve all heard the saying, “Your credit score is your financial report card.” Well, it’s a pretty important report card. Unlike a school report card, your credit score can open doors to favorable interest rates on loans, better housing options, and even insurance. As someone who’s been on the credit rollercoaster, I understand its ups and downs.
If you’ve made a few mistakes with your credit, that’s okay! The great thing about these mistakes is they don’t last forever, even a bankruptcy filing only stays on your record for 7–10 years. The good news is there are ways to fix and prevent mistakes going forward.
And here’s a stark reality check: According to data released by the Federal Reserve Bank of New York, Americans’ credit card debt levels have just surpassed $1 trillion for the first time ever, reminding us of the importance of managing our credit wisely.
What makes me qualified to give these tips? I have maintained an above 800 credit score for over 5 years and have been using credit cards since I was 18. I’ve made all sorts of mistakes related to credit for the 15+ years I’ve been using credit cards.
