Dear Chuck,
We’ve made financial mistakes in the past and want to improve our credit score in the New Year. What steps should we take, and what should we avoid?
Managing Our Credit Score
Dear Managing Our Credit Score,
This is a great goal for the New Year, and it will impact almost every area of your finances!
Recently, my 89-year-old father and I were comparing our credit scores. I was pretty proud of mine until he told me his. His was nearly perfect, which is a rare feat! I wondered, “How in the world was his score better?”
He knew a trick that I had not implemented: improving his credit utilization ratio. By reducing the limits of available funds on his credit cards, his credit utilization ratio proved better than mine.
Keep reading this article on The Christian Post.
