5 Tips to Improve Credit Score: The Ultimate Checklist
Many people care less about their financial management, not knowing that it affects their credit scores. For example, a 2020 survey showed that many Americans did not take their credit life seriously. This resulted in many of them being denied credit. Many cardholders admitted to knowing the consequences of potentially harmful financial behaviors. Yet, only 13% reported worrying about their credit scores declining. More so, less than a third of the U.S. population (28%) said having ever checked their credit scores. It helps to know that your credit score speaks so much about your financial health. It communicates to lenders how responsible you are in your financial matters. This includes how you use and pay your credit. Good scores will boost your loan limits and make approvals easier.