Planning for the future can be intimidating—especially when your finances aren’t in order. Perhaps one of the biggest threats to your bottom line is that pesky credit score. In fact, maintaining an excellent credit score rating is one of the most difficult tasks we face today. Of course, we wouldn’t be your trusted financial institution if we didn’t know a thing or two about building a strong foundation for a happy, healthy, financial future.
Take a look at some of these tips:
- Do your research. You can’t successfully repair or maintain a credit score if you don’t know where you stand. You can request a free copy of your score at AnnualCreditReport.com.
- Put down the credit cards. Reduce the amount of debt you owe and keep the balance on your cards low.
- Pay up. Paying your bills on time is one of the best tactics to increase your score. Set up automatic payments if you tend to forget when your due dates are.
- Just say no. Don’t open more credit cards just to increase your credit rating. In fact, this practice can actually harm you as the score is reduced each time someone looks at your credit report.
Although it may not be the norm to have a perfect credit score, you can definitely take steps to ensure you are healthy financially. Remember, you can always reach out to a SunWest representative for more tips on rebuilding or maintaining your credit score along with advice on how to create a brighter financial future.