Where The Money Reside: 10 Financial Strategies For The New Year
- By
Michelle Farley
Source: mapodile / Getty
Get Your Credit Right
Sorry to tell you, but finance companies don’t care if you’re a nice person when money is involved. They want to know if you’re a credit risk. If you’re thinking about purchasing a home, a car, or applying for a business loan, you need to make sure your credit is on point. Maybe you’re not ready to purchase a home yet, but even landlords and potential employers may decide to review your report to make their final decision about you. According to Experian, the average FICO® Score in the U.S. is 711.
To increase your credit score, you should:
- Start lowering your credit utilization ratio.
- Pay all bills in full and on time.
- Do not apply for new lines of credit.
Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN
