Thursday, May 26, 2016

101 things in 1001 days #43: Learn my credit score and how to improve it.

Not going to lie, there are many things about the financial world that make me nervous because I don't understand them.  In doing this goal I at least wanted to understand credit a little more.  I learned my credit score when I applied for a car loan this year and I was very surprised to learn I actually had a great credit score.  That was very different than what I had expected.  I thought if you could have a negative credit score then mine would be pretty close.  I did some research into what makes a good credit score and how to keep it good/improve it.  I still don't understand all of it but I understand a great deal more than I did before.  I knew that paying your bills on time affected the score but I also learned that it helps if you keep your account balance 50% or less of the credit limit.

I thought this site was a great reference and made things simple to understand.

I'm glad I had this experience!

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