01/31/2022
Your credit score determines what loans you qualify for and the interest rate you will pay. Here are 4 tips to help you increase your credit score.
1. Pay all your bills on time.
2. Avoid maxing out your credit. Balances above 50% of your credit limit will harm your credit. Aim for balances under 30%.
3. Have a variety of credit accounts. Having a mix of credit products (credit card, retail store card, line of credit, car loan, etc.) will produce more points on your file than having only one type of credit.
4. Use your credit! The biggest tip to a good score is to use credit and repay that credit on time all the time.
Need to Know More?
Call Mortgage By Bill @ 416 272 5000
RELAX, We are on your side