This article originally appeared on ringgitplus.com, in partnership with CTOS.
Make a Healthy Credit Score Part of Your New Year’s Resolution for 2018
With every new year, many of us make resolutions to keep our body and our mind healthy. We plan to read more books, work out more, watch documentaries, and eat healthier. But what about keeping our finances healthy? If that seems like too vague of a resolution to keep, we suggest focusing on one point that can help with that: maintaining a healthy credit score.
Why Do I Need A Healthy Credit Score?
As we’ve covered in our blog before, a healthy credit score is a major way that banks and lenders use to gauge whether or not you’re creditworthy. That is to say, whether or not you’re somebody they would lend money to. A healthy credit score means an easier time getting your loans approved, which is always a good thing as you never know when you need some extra cash. To that end, here are some ways you can keep your credit score healthy for 2018.
1. Check Your Report for Problem Areas
Before you can know how to keep your score healthy, you have to know what makes it unhealthy first. To do this, simply obtain your full credit report from a reputable credit reporting agency like CTOS and go through it carefully. Also be sure to pay attention to your score, which should be 697 and above for it to be in the healthy range (as a rough estimate).