The interest on the purchase of a home, cars, insurance premiums, among others, is determined by personal credit scores. The higher the score, all the aforementioned costs decrease, so it is important to maintain a good credit record.
To maintain a good credit record, specialists recommend reviewing the reports that must be provided free of charge by companies dedicated to this matter.
Paying bills on time is another way to build a good credit score. Gather all of your monthly bills, identify due dates, and take advantage of automated tools to ensure payments are always on time.
Use the credit card by spending less, paying as much of your balance as possible, or increasing your credit limits. This process is called credit utilization and with good advice you can optimize it.
To improve credit, rent, utility and cell phone bills, checking, savings or money market accounts can also be added to the reports.
Avoiding delay in the payment of financial commitments or if you have extra cash, pay pending accounts, this will allow you to improve your personal credit.
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.