Ever wonder how to grow,maintain and overall keep a good credit score ? Some people still don’t know what a credit score represents and how it changes the way we spend and live. So let’s learn How to Understand Credit Scores, There are three main credit bureaus – Equifax, Experian and TransUnion – create your credit reports, which are credit scoring models like VantageScore and FICO use to come up with a score that typically ranges from 300-850 those numbers is what determines poor from good credit just like a scale from 1-10 for instance. Pretty simple yet huh.?  Your credit score can mean the difference between being denied or approved for credit, and a low or high interest rate. A good score can help you qualify for an apartment and even help you get utilities connected or a vehicle loan without a deposit.

So now that we know the basics let’s start Growing our credit! Keep balances low on credit cards and other revolving credit: high outstanding debt can affect a credit score. Pay off debt rather than moving it around: the most effective way to improve your credit score in this area is by paying down your revolving (credit cards) debt.

Maintaining your credit is held in 7 steps to raise your credit future. (1.Watch those credit card balances. (2.Eliminate credit card balances. (3.Leave old debt on your report. (4.Use your calendar. (5.Pay bills on time. (6.Don’t hint at risk and lastly (7. Don’t obsess. Now let’s jump to keeping that credit score at a good marked level to where you are now financially able!! Which is pretty much the same as maintaining it (1. Keep balances low on credit cards and other revolving creidt: high outstanding debt can affect a credit score. (2. Pay off debt rather than moving it around: the most effective way to improve your credit scores in this area is by paying down your revolving (credit cards) debt.

Once you learn these minor steps you’ll have the full advantage of financial freedom and a more sustainable life.

 

 

 

 

 

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