Understanding Your Credit Report.
Know what a credit report is: It is a detailed summary of your credit history,
including your payment history, current credit accounts, and credit inquiries.
Review your credit report regularly: Checking your credit report regularly
can help you identify errors, fraudulent activity, and monitor your credit score.
Understand your credit score: Your credit score is a number that
summarizes your creditworthiness based on your credit history.
The higher the score, the better your credit.
Check for errors: Mistakes on your credit report can negatively impact your credit
score, so its important to check for errors and dispute them if necessary.
Pay your bills on time: Payment history is a key factor in your credit score,
so make sure you pay your bills on time.
Keep your credit utilization low: Your credit utilization is the amount of credit you
are using compared to your credit limit.
Keeping this ratio low can impact your credit score.
Dont open too many credit accounts at once: Opening multiple credit accounts at once can
negatively impact your credit score and make it look like youre a high-risk borrower.
Seek help if needed: If you have trouble understanding your credit
report or improving your credit score, consider seeking help from a
financial advisor or credit counselor.