How to Keep Credit Scores High

By John Voket

Did you know March is National Credit Education Month? In honor of the occasion, let’s review some of the top ways to keep your credit score soaring.  

The online consumer finance platform CreditKarma.com even launched a new consumer education website for Credit Education Month to better educate consumers about credit health.    

CreditEducationMonth.com is designed as a first stop for consumers to educate themselves on the importance of actively managing credit, illustrating the impact of credit scores and what influences them, how to read a credit report, and how consumers can take control of their credit situation.

New York-based Fora Financial (Forafinancial.com) advises consumers to understand their personal credit score, which can range from 300 to 850. Fora says personal credit reports containing credit scores and details on what things affected that score can be accessed for free through various websites.

According to ValuePenguin.com, the national average personal credit score in the U. S. is 695.

Fora's experts recommend checking that score frequently, even if you think your credit scores are sufficient. There could be an error on a credit report, or your score could fluctuate depending on whether or not you make payments on-time, among other factors.

If you’re serious about boosting your personal credit score, Fora Financial says a good place to start is by paying bills early or on-time. If paying bills late is a bad habit, set up payment reminders through banking portals so you’re notified before a payment is due.

And while reducing debt is easier said than done, Fora's experts say paying off an outstanding balance can be a great way to improve your credit score. Even if it is reducing it by small amounts, it is important to make an effort to pay off debt.

Thanks for visiting my Blog site. If you would like to discuss this topic with me or get more information please contact me by calling 919-247-4667 or emailing me at Tim@TheTrianglesBroker.com. And you can always visit my personal real estate website for lots of additional information and to search for homes at www.TheTrianglesBroker.com or www.BuyAndSelllingTriangleHomes.com  McBrayer – The Triangles Broker.

Reprinted with permission from RISMedia. ©2018. All rights reserved.

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