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.

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