STEP 1: Know the score. What’s your credit score? A recent study found that 63% of people don’t know what their credit score is. So if you’re not sure, now is the time to find out. Lenders use your credit score as part of their evaluation, and credit scores generally range from 300-850. Anything over 650 is usually considered a “fair” score that qualifies you for standard rates. The higher your number, the better shot you have at getting great interest rates.So if your score is a little low, you’ll want to boost that number. Otherwise, you could pay way more interest on loans and big purchases than you should.STEP 2: Make sure your credit report is correct. There are a bunch of different factors that help determine your credit score. Things like your payment history…outstanding debt…length of time you’ve had credit…number of inquiries…and the type of credit you have make up your score. All this information is found in your credit reports.If your information isn’t correct, your credit score could be affected. Take a look at your credit report. Go through each section and make sure everything is 100% correct. There’s a handy checklist you can use […]

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