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 it's 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 positively impact your credit score
Don't open too many credit accounts at once. Opening multiple credit accounts at once can negatively impact your credit score and make it look like
you're 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