Money.

Address debt impacting your score

It’s expected for consumers to have some debt, but significant credit card debt and missed loan payments can have a major impact on your credit score. Pay bills on time and don’t overspend – maxing out a credit card or coming close to your limit will lower your score. If you’re working to rebuild your credit, pay down debt as much as possible and catch up on past-due bills. Also be careful about searching for new lines of credit while carrying significant debt – lenders could see this as a risk and your score could drop.

Practice good financial habits in other areas

Establishing a savings and checking account, renting an apartment and paying utility and other bills on time are among the activities that help show lenders you’re fiscally responsible. While these actions might not directly affect your credit score, they’re beneficial practices lenders will notice when considering your application for a car loan, mortgage or other major life goal.

Help your children build credit

Opening checking and savings

See CREDIT Page A-6