What is a Good Credit Score
Your credit score is a number in the range from 300 to 850, and Americans with a credit score above 670 have a “good” credit score.
How To Improve Your Score
Understanding “what is a good credit score” is the first step towards improving it. Here are three tangible steps to help you improve your score.
1. Get a Handle on Your Bill Payments
Some ways to get a handle on your bill payments are to: - Create a budget - Set due-date alerts - Automate your bill payments
2. Don’t Use Up All Your Credit
Your credit utilization ratio refers to the portion of your credit limit that you’re using at any given point in time.
3. Consider Debt Consolidation
The benefits of a debt consolidation loan are that you no longer need to worry about making multiple payments and instead focus on one monthly deadline.
To start, you can go to one of three major credit bureaus to check your credit report for free. Your credit report provides a history of your financial activity.
The Best Way to Check Your Score
Slight changes in your credit score are regular and can happen for several reasons.
Why Your Credit Score Changed