Every creditor has its own definition of what is considered “good” vs. “bad” credit. With more lenders today keeping credit standards tight, you need to do everything possible to get your credit in great shape. A low credit score today does not have to be permanent. (TransUnion)
Call us to find out what you can do to enhance the health of your credit over time.
Keeping your credit score high is probably one of your priorities. Remember though that small things can have a big impact on your credit history.
- Back taxes that remained unpaid or with no payment arrangement scheduled
- Unpaid city fines and parking tickets
- Hard inquiries from unexpected places, such as getting a new cable account or a new cellphone, renting a car, etc.
- Closed or inactive accounts can reflect less available credit on your account history. So, keeping inactive accounts open and using them to make small purchases that you pay off immediately may be beneficial for your credit score.