Improve your credit score!

Mackenzie Hannah

What is a credit score?

A credit score is a three digit number calculated from your data-rich credit report and is one factor used by lenders to determine your creditworthiness for a mortgage, loan or credit card. Your score can affect whether or not you are approved as well as what interest rate you are charged.

Maintain your Credit:

1. Collect all paperwork like bills, statements, receipts, and documents you could find.

2. Keep track of your credit lines.

3. Only have credit cards you need.

4. Set your credit limit on your ability to manage payments.

5. Try not to miss a payment... pay bills on time.

6. Pay back all your debt by consolidating your loans into one payment.

7. Try to get approved for low interest line of credit and ay off all high interests.

8. if you are spending more each month, STOP.

Its important to maintian your credit because you dont want to put yourself in debt. we dont want to be broke and owe alot of people.

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Good Credit

The chart shows how your use good habits to have a good credit score. use the chart to help you guide yourself to good credit.

What is a good and a bad cradit score( numbers)?

Most credit score fall between 650 and 750. A score above 700 is usually suggested as good credit management.

Good credit management usually depends on the scoring system of a particular lender.

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Why is credit important?

Your credit history is important because it determines what loans you will qualify for.

Bad credit

A bad credit score is lower than 650.