HOW TO GET A GOOD CREDIT SCORE

Dated: January 6 2022

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SIMPLE STEPS TO A GOOD CREDIT SCORE

Start building your credit today!

If you don’t already have a credit card, it’s important to open 1-2 credit card accounts immediately. This is the best way to build your credit. Aim for a card that has a $300 limit and reports to all three credit bureaus.

Charge no more than $30 per month, and pay the card off every month. If you don’t have a credit score or have a low credit score, you may need to get a secured credit card. 

Be responsible with any accounts that are in your name.

Accounts such as medical bills, utilities, cell phones, and other payment accounts do not typically show on your credit report. However, if you don’t pay those accounts, they may be sent to a collection agency. Collections can and many times do show on your credit report and could damage your credit score for up to 7 years.

Always make your payments on time.

Once you have credit accounts established, make sure you always make your payments on time. Late payments can show on your credit report for up to 7 years. Even if you’re only making the minimum payment, it’s important to do so on-time.

Guard your credit!

Don’t fall into the trap of opening credit accounts just because you can. Store credit cards, student loans, installment loans, and other credit accounts should be approached with caution.

There you go, simple steps to a good credit score! These steps will help you get a good score, and if you continue to follow them, they will help you keep a good score.

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Jenetta Miller

Principal broker, owner Harmony Realty Group Licensed realtor since 1997. Auctioneer since 2008. Enjoys real estate, boating, beaches, health & fitness.....

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