Understanding Credit Scores and How to Improve Yours

Your credit score is a number that lenders use to decide how trustworthy you are with money. It affects your ability to get loans, credit cards, and sometimes even rental housing.

What Influences Your Credit Score?

Payment history, amounts owed, length of credit history, new credit, and types of credit all play a role.

Tips to Improve Your Credit Score

• Pay your bills on time
• Keep credit card balances low
• Avoid opening too many new accounts at once
• Check your credit report regularly for errors

Why It Matters

A higher credit score can lead to lower interest rates and better financial options.

Improving your credit score takes time and discipline, but it pays off in the long run.