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How to Improve Your Credit Score

Your credit score: most days you probably don’t think about it at all. But at pivotal milestones throughout your life, a good credit score suddenly becomes crucial. Your credit score affects your ability to buy a new car, qualify for student loans, get approved for an apartment or even land a job. With a good credit score, you’ll be able to finance a vehicle, get approved for an apartment with a safety deposit, and pass an employment background check. And with an excellent credit score, you’ll find yourself eligible for the lowest interest rates, with better chance of approval for loans and rentals, access to the best credit cards, higher credit limits, easier mortgage approval and so much more. No matter where you are in life, it’s worthwhile to put in the effort to move your credit score from bad to good, or from good to excellent. So where do you…

Keep Your Finances in Balance With an Excellent Credit Score

Your credit score is much like an adult version of your GPA. It’s a grade that measures your level of financial responsibility in relation to others. Banks and lending institutions use your credit score when you apply for a mortgage, an auto loan or a loan for home improvements or a business. Credit card companies use scores to determine who qualifies for a card and at what interest rate. Increasingly, however, insurance companies, landlords and sometimes employers, study credit scores as a way to determine how responsible you are. Here are basics about where your credit score comes from and how to raise your score if it’s lagging behind the competition. Credit Reporting 101 The most widely used credit scores are FICO® scores, created by the Fair Isaac Corporation. Top lenders use FICO scores to help them make credit-related decisions every year. FICO calculates scores based on information in consumer…