How Can You Improve Your Credit Health?

How Can You Improve Your Credit Health?

• Pay your bills on time – Late or missed payments can significantly affect your credit score.
• Never close old credit cards – This can lower your credit score significantly
• Pay down debts – Keeping your overall credit card utilization amount below 30% will leave you in good shape.
• Don’t open too many credit cards at once – Having too much credit can go against your credit score.
• Diversify your credit mix – Lenders like to see a mix of existing credit.