With Spring here, it is time to declutter your home. You can use this time to clean up your credit score too.
If you want to improve your credit score, spring is the perfect time to boost or refinance your credit situation.
1. Get your balance down: Paying the full balance on your credit card can help you improve your credit score.
A low credit utilization ratio can help you get better deals from credit card issuers and lenders when you need it.
2. Pay before reporting date: Make payments on or before the date your credit card issuer reports your payment history.
This is the date the credit company sends your information to the credit bureaus to record your credit score.
3. Keep credit cards active: The length of your credit history is your most important asset for your credit score.
Keep all credit lines open. If possible, you can even reactivate a card without the lender pulling a hard inquiry.
Spring cleaning your credit score before the summer is a great way to be ready for new credit building options.