Building Credit and Keeping Yours Healthy

Over the past 6 weeks America Saves has featured blogs on the importance of building and maintaining good credit. 

You probably know your credit score can affect the interest rate you get on a mortgage or car loan. But did you know it could also affect your employment options? Building good credit takes work but it can be done. Check out this video from BetterMoneyHabits.com on building credit and keeping yours healthy. The video features five things you can do to build a healthy credit score as well as how to avoid some pitfalls that can hurt your score.

 

Want to learn more about credit? Check out these articles:

Things for Watch Out for When Looking at Your Credit Report

Everyone knows that credit scores are important. They determine what interest rates you’ll be charged on loans and credit cards, and for that reason a higher credit score could save you hundreds or even thousands of dollars in interest charges. But how do you really know what is going on “behind the scenes” with your credit score? READ MORE

The 5 Pillars of Credit: What Goes Into Your Credit Score

Being a savvy consumer, you know that having good credit is important for getting mortgages, car loans, credit cards, and other types of credit. But do you know how your credit score is calculated? Here are the five factors that go into calculating and changing your credit score. READ MORE

Credit Scores and Credit Reports – Why Does it Matter?

It is important to know the definitions of credit score and credit report.  A credit score is a numerical representation of an individual’s credit worthiness.  Your credit score can be different depending on how it is calculated and by whom, but one of the most popular scores is a FICO score.  Your credit report is a report of all your credit history, payment history, loans, credit cards, and other financial and personal information. READ MORE

6 Ways to Jump-start Your Credit Score

It's a common financial predicament for most 20-somethings: You need credit to get credit. But even if you're older and have been through some credit-wrecking havoc in your life, you could face the same issue.

"The only way to build a credit history is to use credit," explains Maxine Sweet, vice president of public education at the credit bureau Experian®. Check out these six easy steps to help get you started. READ MORE

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Tip of the Day

  • Written by Administrator2 | January 15, 2014

    Are you looking for an effective way to establish a budget? Beginning on the first day of a new month, get a receipt for everything you purchase. Stack and review receipts at the end of the month, and you will clearly be able to see where your money is going. http://ow.ly/sj972

Saver Tips and Stories View all »

Budget like Nohemi

Written by Guest Blogger | April 19, 2019

Nohemi found out about America Saves a few years ago as an undergraduate at the University of Illinois at Chicago. She remembers attending a University of Illinois Saves event where she decorated a piggy bank and took the Pledge, but college life made her put the thought of saving at the back of her mind. Those thrifty thoughts resurfaced when she graduated with a degree in public health.

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Meet Esmeralda: 2019 SaveYourRefund Grand Prize Winner

Written by Lindsay Ferguson | June 4, 2019

“I have a goal, and I am going to achieve that goal.” 2019 SaveYourRefund Grand Prize Winner Esmeralda says that savings has always been about achieving self-sufficiency amidst tremendous adversity. “It’s hard to pay myself first,” says Esmeralda, particularly when you have to anticipate emergency expenses like a broken down car.

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Starting Over

Written by Katie Bryan | October 28, 2013

Until last summer, Michael Lindman spent money freely. “I was a union truck driver for 35 years and had a good income,” said Lindman. “I owned my own home, saved a little, and tried to live within my own budget. You always think there’s going to be that much coming in, but things can change in a split second.”

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