Top 4 Resources For Vaulting Your Credit Score

Tuesday, November 1, 2016, AM | Leave Comment

Your credit score is like your financial report card. It tells potential lenders, landlords and others how well you manage your finances.

If your credit score isn’t as high as it could be, you might be able to benefit from some resources out there that can help you improve it.

Here are the top four resources for vaulting your credit score.

  1. Free Credit Report

    It’s hard to know how to fix your credit score without knowing what the problems are, and the way to find out about those problems is to check your credit score.

    The government allows you to receive a free copy of your credit report once a year from all three major credit bureaus.

    You should get copies of those reports every year and scan them to look for potential problems, both errors and problems of your own making, and then work to correct those errors. If you do, your score will improve over time.

  2. Electronic Bill Pay

    One of the things that will hurt your credit score the most is not paying bills on time, especially credit card bills and installment loans.

    A good way to ensure you do make these payments on time is to use automatic bill pay. Most banks and credit unions these days offer automatic bill pay for those who have checking accounts.

    For example, TruPartner Credit Union offers free online bill pay for its checking customers, and they can sign up through their online account.

  3. Finance and Budgeting Apps

    There are numerous apps on the market these days that help you budget your money and figure out how much you are spending and whether you need to make changes.

    Downloading an app onto your phone or computer can help you better budget your money, which can ensure you aren’t spending more than you should be and have plenty of money to pay your bills in full and on time.

  4. Debt Consolidation

    Consolidating bills and reducing your interest rate and the amount you pay each month can help you to get a better handle on your finances and improve your credit score.

    There are many debt-consolidation resources available, from credit card balances transfers to personal loans to home equity loans. Taking advantage of one of these resources can help you improve your credit.

Taking advantage of these and other resources can help you get a better handle on your finances and boost your credit score. As you keep organized and stay on top of your monthly reoccurring payments, your credit debt will be much easier to manage.

Author BIO

Meghan Belnap is a freelance writer who enjoys spending time with her family. She also enjoys being in the outdoors and exploring new opportunities whenever they arise. Meghan also enjoys researching new topics that help to expand her horizons. You can often find her buried in a good book or out looking for an adventure. You can connect with her on Facebook and Twitter.

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