Most people deal with credit in some aspect of their day to day lives and our credit score is more than just a number as it can cost or save you thousands of dollars throughout your life. So here are a few ways to improve or keep your score high.

Pay on time

Payment history makes up 35% of your credit score so making payments on time is one of the easiest and most impactful ways to maintain and improve your score.

Pay off any balances

Carrying a credit card balance not only costs money in interest, but will lower your score over time because new spending will raise your credit utilization, therefore lowering your score.

Ask for a higher credit limit

If you were given a low limit when you first got your card, requesting a higher limit can help improve your score by allowing you to keep your overall credit utilization lower.

It's typically recommended to keep utilization under ~25% but keeping it lower can help even more.

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Essay #45 - 5.10.21