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/
Kurt has gone from the financial lows of the ’08 financial crisis to personal financial success. He is a professional real estate investor, media buyer, faithful Red Sox Fan.
One of his passions is financial education and the pursuit of financial freedom.
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