Credit scores are important. Your credit score can not only affect whether or not you get approved for a loan and the interest rate you may be charged but also your ability to rent an apartment, sign up for utilities, and even impact whether or not you get a job with the employer of your dreams. How you manage your credit directly impacts your score.
Here are some tips to maintain and increase your credit score:
- Pay your bills on time.
- Try to pay your credit card in full each month.
- Up to 70% of consumer credit reports have errors – check your credit at least once a year to make sure there are no errors or that someone has not accessed your personal information.
- A recent trend in credit reporting and credit scoring allows you to add other positive information to your credit score – such as rent payments, utilities or daycare bills. Reach out to a third-party company, such as RentReporters.com or RentTrack.com, to add this to your credit reports.
- If you do find yourself with debt, such as credit card balances, consider a low interest rate loan from GSCU. A debt consolidation loan can help you manage your finances with one, consistent loan payment each month.
Your credit score plays a huge role in your life – work on improving it to ensure you have a better tomorrow. Head to one of our eight branches today to talk to a member service specialist about how you can increase your credit score.