40 Plus Finance

Follow My Journey Managing Finances At 40 Years Plus

  • Home
  • Features
  • Quick Reads
  • Resources
  • Financial Freedom Journal
  • About
  • Facebook
  • Twitter
  • YouTube
How to Build Your Credit Score

How to Build Your Credit Score

March 27, 2022 By Kurt H Leave a Comment

There are quite a few things that you can do in order to build up your credit score. This is an essential part of life as your credit score has a direct effect on your ability to buy a home or finance a car. One of the smartest things that you can do is try a credit building app so you can learn how to increase your FICO score. You also want to look over your credit reports and see if there are any outstanding debts you’ve forgotten.

Key Takeaways:

  • Your credit score has the ability to impact whether or not you can buy a home or finance a car.
  • The most common score used with regards to credit is FICO and there are five different factors that make up the score.
  • It is difficult to build your credit up from scratch but you can do it over time by making small purchases and on time payments.

“Before you learn how to build your credit score, you should have a basic understanding of how credit scores are determined in the first place.”

Read more: https://www.goodfinancialcents.com/how-to-build-your-credit-score/

Related posts:

  1. 90 Day Game Plan To Financial Freedom
  2. The Biggest Myth About Income You Literally Can’t Afford to Buy Into
  3. 7 Reasons your 401(k) is Riskier than You Think!
  4. Follow the Income: Understanding Income Growth

Filed Under: Summary

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Investing for Cash Flow

Most investors look for capital gains when investing in the market. In … [Read More...]

What is a Bad Credit Score? (Plus How to Improve It)

A bad credit score isn't just some number. There are many detriments of … [Read More...]

BiggerPockets Money Podcast 277: Fighting the “Hustle Culture” That Ruins The Joy of Financial Independence w/ Pete McPherson

Hustle Culture is the current culture of us working as hard as possible … [Read More...]

Inside 40 Plus Finance

About Us

Contact Us

 

Financial Freedom

Monthly Financial Freedom Reports

Financial Freedom Calculator

Reviews

Cash Flow Tactics Review

Categories

  • Classics
  • Features
  • Financial Freedom Monthly
  • Summary

Connect With 40 Plus Finance

  • Facebook
  • Twitter
  • YouTube

Recent Posts

  • How to Build Your Credit Score
  • The Mindset Shift That Changed Everything
  • Can It Keep Going Up?
  • 5 Classes Your High Schooler Should Take to Start on the Right Financial Footing
  • 6 Smart Ways to Outsource Your Liability

Contact Us · Privacy Policy · About · Affiliate Disclosure ·
Copyright © 2022 · Forty Plus Finance

Disclaimer: 40 Plus Finance is for purely educational purposes only and is not selling investments, insurance, real estate, securities, or anything other than education and is not providing tax advice, legal advice, or investment advisory products. You need to become educated about any financial product before purchase and consult a CPA and/or attorney in order to make the best financial decisions for yourself.