5 Ways to Improve Your Credit Score
From the Desk for Tanya Y.Browner – Citizens Trust Bank Credit Card Product Coordinator
When applying for any type of credit, Creditors will run a credit check by pulling your credit report and credit score to review how responsible you are as a Borrower. The creditors use the information in your report to determine whether or not to lend to you as a Borrower. The items included in your credit report comprise a credit score that says a lot about you. You want to make sure you are telling the right story. Here are a few ways to help you drive up your credit score as much as possible before you apply for your next credit card, auto loan or debt consolidation loan.
There is a strategy for maintaining a good credit score. But there is no magic strategy; you have to create it on your own and for your own situation. The most important way to get started on this journey is to pull your credit report from all 3 Credit Bureaus (Equifax, Experian, and Trans Union). You qualify for a free credit pull each year. Next, find out your credit score. Look for this using a free tool like CreditKarma.com. Be sure to start your budget and stick to it. At #CTBUniversity learn more about Living on a Budget
The most important rule is to STICK TO YOUR PLAN. Once you create a budget, stick to it. When you create a strategy to improve your credit, stick to it. Make it your plan to fit your situation but whatever you do, stick to it. It won’t happen overnight, but it will happen.