When it comes to your credit score, knowledge is power! It’s important to understand what does and doesn’t affect your credit, and what you can do to improve your score over time.
Are you ready to take steps to build and improve your credit score? Read on to find out how your borrowing habits can impact your overall credit picture and opportunities.
What actions could lower your credit score?First, understand what actions could potentially harm your credit score. Here are some things to avoid:
What actions can help improve your score?Now that you know what not to do, how can you proactively improve your score? Stick to these good credit habits:
What doesn’t affect your score?The following factors are not considered when determining your credit score:
Good credit habits will go a long way!Building or improving your credit score won’t happen overnight. It typically takes at least three to six months of positive credit behavior to see major changes in your score, so stick with good credit habits and monitor your score regularly. Soon, you’ll be well on your way to building a healthy credit picture!
WPCU is here to help you borrow smarter, no matter where you are in your financial journey. Check out WPCU’s tools for reaching Financial Flexibility and Freedom for more helpful resources or visit your local Member Center to talk with a Financial Coach about your credit goals.