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.
- 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.