Easy Steps to Help Improve Your Credit Score


PAY OFF YOUR OLD BALANCES

One value your credit score evaluates is how much of your available credit limit you are using. The smaller the percentage of your limit you owe, the better for your score. Keep credit card balances at 25% or less of their limits.

STOP CREATING DEBT

If raising your credit score is a priority, avoid charging unnecessary purchases on your credit cards. Pay balances off, in full, monthly.

PAY NEW BILLS ON TIME

If you’re planning on making a large purchase in the future, such as a home or vehicle, you might be letting other expenses pile up in an attempt to save up. However, paying bills late can do significant damage. Pay off any dues on time, even if it means you’ll be saving more slowly.

DON’T ERASE DEBT HISTORY

Some people rush to remove all evidence of debt from their credit report after having paid it off. However, paid in full credit cards, auto loans, mortgages, student loans, etc. demonstrate the hard work you put into paying off our debts. This may result in you receiving better rates and terms on future loans.

Credit Counseling and More in Seattle

American Financial Solutions is your go-to financial education and credit counseling agency in Seattle. Contact us today for information about credit counseling services or to speak with a qualified counselor.