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Keep Your Credit Score Under Control
Manage episode 155683542 series 1164843
Craig Barton에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Craig Barton 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
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Today, we'll discuss how you can positively or negatively affect your credit score. There are a few simple things you can do to take control of your score.
- Don't ever be late. Late payments are the easiest way to adversely affect your credit score. If you do have late payments on your credit report, only time can help to repair that.
- Pay attention to your percentage of utilization. This has to do with the relationship between revolving lines of credit, the credit limit, and the balance. Let's say you have a $1,000 credit limit on your card, and the balance is $900. That means you are at 90% utilization. Unfortunately, we deal with folks all the time who are over the credit limit. We advise staying between 50% and 10% utilization. In fact, 10% will give you the biggest boost in your credit score.
- Finally, there is a myth that bad credit is better than no credit. No credit can be more damaging than bad credit. There is nothing for a lender to look at. You are just a big question mark. Bad credit is better, but it is up to the financial institution to determine whether or not you get the loan.
As you can see, there are a few things you can do to take control of your credit. If you have any questions, give us a call or send us an email. We look forward to hearing from you!
16 에피소드
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