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How to Improve your Credit in 5 Steps

How to Improve your Credit in 5 Steps

Posted On: October 8, 2019 by Falcon National Bank in: Your Financial Life | Personal Banking

Credit is important for pretty much all facets of adult life. Credit can be impacted by a number of different things. If you’ve been turned down for credit or you’re looking to buy a house, credit is pretty important. It could be that you just don’t have enough of it or maybe you made some poor financial decisions. Poor credit can be embarrassing, stressful, and expensive. In fact, poor credit can actually cost you hundreds of thousands of dollars in interest over time on a mortgage. The good news is that a credit score is just a snap shot of a moment in time. It can always change and you can take control of those changes! Here are a few steps you can take to improve your credit: Make Payments on Time It sounds simple but it’s really a big deal. Payment history is one of the most influential factors when it comes to determining a credit score. You want to avoid things like late payments, defaults, repossessions, and foreclosures. Use resources like auto-pay

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