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Understand your credit score

Understand your credit score

files.consumerfinance.gov

your credit card balances onto one card, it may hurt your credit score if you are using a high percentage of your total credit limit. Frequently opening accounts and transferring balances can hurt your score too. § Only apply for credit you need. Credit scores look at your recent credit activity as an indicator of your need for credit.

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The Federal Reserve Board 5 Tips for Improving Your Credit ...

The Federal Reserve Board 5 Tips for Improving Your Credit ...

www.federalreserve.gov

improve your credit score is pay your bills by the due date. You can set up automatic payments from your bank account to help you pay on time, but be sure you have enough money in your account to avoid over-draft fees. 3. Understand how your credit score is determined. Your credit score is usually based on the answers to these questions:

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