Step 9 of 12 to Financial Wellness: Build and Maintain and Excellent Credit Score
Achieving an excellent credit score may seem like a daunting challenge, but with the right strategies, it’s more attainable than you might think! By actively managing your debt and using your credit cards responsibly, you can pave the way to a healthier credit profile. Here are some effective tips to help you reach your credit score goals: Have Several Credit Cards and Keep Them Active Having 1-3 credit cards and using them responsibly can significantly boost your credit score. By regularly using a couple of cards for recurring expenses—like subscriptions on one and gas on another—and paying them off in full and on time each month, you demonstrate your ability to handle multiple accounts effectively. Just remember, the goal is not to max out your cards, but to manage them wisely. Work on Paying Down Debt Actively paying down debt is a key factor in improving your credit score. Whether you choose to tackle your smallest debts first (the Snowball method) or go after the largest o...