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The Crossroads Journal

Tips for improving your credit

By Kimberly Bennett
Credit score. Does that phrase leave you feeling nauseated or sitting there with the cold sweats? If it does, don't worry - you aren't alone. Especially in a struggling economy, losing your great credit is much easier to do than one would think. Fortunately, unlike losing your car keys, your time or your mind, a credit score is something that you can get back. And it's easier to do than you'd think.
The first step is knowing your score. It's easy to check your score online, and each of the three national consumer reporting companies allows you a free report every 12 months. Knowing where you are at allows you to know where you are going, so it's always best to be informed.
Next, make sure you're building good credit. Having a credit card is a great way to build a credit history, but use it carefully. Be sure not to use too much of your balance, and quickly pay off what you do spend. This shows responsible habits. A great way to use a credit card to build your credit is to put your gas or small grocery expenses on your card, then pay off the total with the money you would have spent.
Lastly, pay your bills on time. I know what some of you are saying: "We would if we could." Life happens and that can get in the way of timely payments. If this is the case with you, reach out. Companies want the money you owe them, so they will typically work with you to help you find payments that work best. Some of you may just be forgetful. If you are the forgetting sort, set a reminder on your phone or calendar. That way you won't be surprised.
Improving your credit is within your reach. Follow these bits of advice and you'll be on your way up in no time.
The community news source for Eagle Mountain Utah, Saratoga Springs Utah, Lehi Utah, American Fork Utah, Highland Utah, Alpine Utah, and The Cedar Valley, including Cedar Fort Utah and Fairfield Utah. Copyright 2024 The Crossroads Journal LLC. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
 


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