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 Katie Bryan | November 25, 2013

    Tip to #save when shopping: You can #save more than 10% by comparing prices at different stores.

Saver Tips and Stories View all »

Taking Back Control Over Finances

Written by Virginia Saves | August 5, 2015

After becoming a Virginia Saver and getting help from BankOn classes and coaching, Nadine Bialo took back control over her financial affairs.

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Saving is a Family Affair

Written by Guest Blogger | May 21, 2019

Saving is truly a family affair for Jeff’s household. During America Saves Week 2019, he pledged to save for retirement. But making a commitment and creating a plan to save isn’t a new concept for him.

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Inspired to Build Savings By Starting Small

Written by Great Lakes Michigan Saves | April 19, 2016

With little-to-no money in the bank and living on a limited income with her adult daughter, Sharon wasn’t sure if building up savings for her future was even possible. “At my age, to put debts behind me would be a relief,” she said, but she wasn’t quite sure how to even get started with a savings plan. That all changed when Sharon attended the Great Lakes Michigan Saves Pay Yourself First Saver’s Summit during America Saves Week.

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