Being a reliable subject of credit in the US financial market is important because it allows you to quickly pay mortgages, purchase automobiles, goods and services; however, it all depends on the good credit score you have and thus have the opportunity of better offers and low interest rates.
A FICO score below 669 is considered a low credit score and can affect your purchasing power and ability to borrow. (FICO® Scores, created by the Fair Isaac Corporation (FICO), are the most widely used credit scores in lending decisions.)
To maintain good scores, you should first check your credit report periodically because it contains details of credit movement and makes it easy to fix errors.
Late payment histories, obtaining new credit cards, lower scores; however, paying bills regularly and on time increases points.
Being an authorized user of a credit card, on the credit card of a relative or friend, increases the credit score. Paying off any outstanding debt or loans can boost your credit score quickly.
Keeping your credit card balance below 20 percent is also guaranteed to increase your score.
If you need to make an appointment you can ask here or accessing financial information on YouTube, the credit channel, our specialists in charge Jessica Aliaga-Froelke will be informing you of any concerns regarding this and other financial issues of general interest and guidance as in this topic, today we provide you with the following report so that you can make your most important economic decisions, We also invite you to follow our social networks: LinkendIn, Facebook, Twitter, Tiktok, Podcast and Instagram.