When it comes to making big purchases, your credit score can make or break your financial health. This number will show lenders how responsible you are with your payments. better your score, the more successful you will be in your search for a new loan. Here are couple way you can maintain an appropriate credit score:

1. Review your credit reports

Upload and review a copy of your credit report and determine what is working in your favor and what is harming your credit. There are many external factors that will affect your credit and it is important to keep track of it.

2. Keep your old accounts open

The older your credit age, the better you appear to lenders. Don’t close old credit accounts because while your credit report will show your credit history for these accounts, closing credit cards when you have your other cards have a balance will lower available credit and simultaneously increase your credit utilization ratio.

3. Deal with delinquencies

It should be obvious that delinquent accounts, collection accounts or charge-offs will harm your credit score and burden your future finances. While you cannot erase missed or late payments on your credit report, you will still have the opportunity to improve your payment history by planning out future payments to avoid falling behind ever again.

These are only a few ways that you can keep track of your finances and improve your credit score. Come be a part of our seminar where we teach you all about bill payments, credit utilization, consolidating your debts and much more. The road ahead is bright!