3 Tips About Credit

Mark Rosenberg

July 18, 2016

1. Why your credit reports matter. The information in your credit reports, such as your payment history, how much you owe, and how long you have used credit, is used to calculate your credit score, a gauge that lenders use to judge whether you are a good credit risk. A higher credit score improves your chances of qualifying for credit and may result in a better interest rate.

2. How to get free credit reports. By law, you are entitled to a free copy of your credit report from each of the three credit reporting agencies—Experian, Equifax, and TransUnion—once every 12 months. You can get your reports online at or by calling 1-877-322-8228. It is a good idea to review your reports annually for accuracy and signs of fraud.

3. The best way to improve your credit score. Paying your bills on time is the most important thing you can do to improve your credit score. It also helps to keep your credit card balance well below your credit limit and to not apply for more credit than you need.

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