a Easy Ways to Build a Strong Credit Score by mattdixon | May 26, 2022 | budgeting, 몭nance, matt dixon
If you want your credit score to be in the “good” range instead of the poor range, you must know how to build a strong credit score. A high credit score can provide signi몭cant bene몭ts, such as getting approved for loans and other 몭nancial assistance much more accessible than someone with a low credit score. Here are some tips for building a solid credit score: 1. Pay Your Bills on Time Paying your bills on time provides the best way to build a strong credit score. Paying your bills late will not immediately hurt your credit score, but paying the delinquent accounts will be listed as a negative item on your credit report, which will lower your overall credit score. Also, if you consistently pay bills late, you may get harassed by creditors trying to collect unpaid bills. 2. Choose Your Credit Card Wisely Your credit score will go up if you have several credit cards, but your credit score will go down if you do not pay the accounts you have on those credit cards. Having only one or two credit cards is the best way to build a strong and healthy credit score. 3. Do not Apply for Too Many Credit Cards at the Same Time Applying for many di몭erent types of loans and 몭nancial assistance within a short period may lower your overall credit score. Applying for many loans at one time will make your credit look overextended, and you might 몭nd it harder to obtain more