Harness Money Tip #10

Do not neglect your credit score.

You never know when you may need to take out a loan for a house or car or health emergency. And having a high credit score will give you the best loan rates.

Building a good credit score takes time and education.

The basics:

  • Pay your credit card bill on time every month
  • Keep your credit utilization low
  • Increase your credit limit over time
  • Don’t close old lines of credit. Length of credit is a factor on your score.

Check your credit score at least once a year to make sure there is no fraud that is showing up on your report.

For more tips like this check out the Harness Money Newsletter.

Published by Collin Harness

Obsessed with creating value and helping people achieve financial independence.

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