National Credit Education Month

 National Credit Education Month –  It is important to keep tabs on your credit score. Here are some tips to help!

March is National Credit Education and a great time to take inventory on your own finances to ensure you’re doing everything possible to protect yourself and maintain optimal financial health. 

The first step when it comes to being better about your credit is to educate yourself on how you can improve your score and standings. 

It is important to keep tabs on your credit score. Not just because it’s an indication of financial health but also because it can point to important red flags for fraud and other issues with your private information. 

Your credit score helps financial agencies know about the risk of loaning money to you. Are you a responsible payer of your debts? Do you have a lot of debt? How long have you been borrowing and paying? 

Using a free credit monitoring program will provide you with these important details that you can monitor to keep tabs on your standings. You’ll notice as you pay down debt that your score improves. 

Scores can range from 300-850 and will fluctuate regularly. To keep the number in good standing it’s important to pay off amounts charged to credit cards monthly as a way to reduce down the total debt you owe. If you have had open credit cards for years and have been paying monthly chances are your score is better than someone who is still new and hasn’t’ had time to prove they can responsibly pay back their creditors.

One key thing you’ll want to pay attention to as you monitor your credit score is any errors or surprises on your reports. If you notice something isn’t right, it’s important to notify the credit agency immediately. Inaccuracies should be fixed immediately and a deeper look into suspicious activities should be taken seriously to protect yourself from identity theft. 


National Credit Education Month

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