How To Raise Your Credit Score

So it’s time to improve your credit score! Yay!

Your credit score in the US is tracked by 3 major companies:

  • Experian

  • Transunion

  • Equifax

They use the FICO (which stands for Fair Isaac Corporation) standards to score you:

  • Payment history

  • How much revolving credit you normally use

  • How long your accounts have been open

  • The types of accounts you have

  • How often you apply for credit

So to improve your credit:

  • Pay everything off on time

  • Keep your debt balance low. Don’t use all of the credit available to you

  • Don’t close your account unless you get charged for keeping them open

  • Diversify your debt: credit card, car, and mortgage debt are the most common

  • Don’t apply for credit more than once a quarter

  • Dispute any inaccuracies by checking your credit report once a quarter

Learn more about it here.

Check out the latest episode of the Manage Your Money Yogically Podcast: Debt Stories!

Buckle your seatbelt: Donna "Tiger" Willis takes us on a wild ride through divorce, Christmas Tree farms, and amassing and paying off 350k worth of debt.

Donna is a self-awareness coach, thought leader, mentor, and speaker.

Here are the top 3 takeaways:

1 - Have self-awareness around money! Be mindful of your relationship to money, but cultivate a simple, loving relationship to it.

2 - Notice what other people are doing that's working. Nearly every successful business grows by going into debt; any time you consider debt, have a plan to pay it off.

3 - Practice what you preach!! Coaches recommend the "magic" work of mantras all the time...and then forget to do them for years. Here is the mantra she and her husband used: "I believe in you, I believe in me, I believe in our shared prosperity."

.....Check out Donna on Facebook: www.facebook.com/youevolved

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