Ever wonder what goes into making your credit score? We’ll help break it down for you.
Generally loans, interest rates, and all other finances get a lot pricier when your score falls below 750, despite the fact that a 700 score would be labeled as great. You can get better phone deals, better credit cards, and overall your rates are a lot cheaper when your score is higher.
To start out with, you can build your score by getting a card (even one without interest rates!) and pay it off in full each month. That’ll be your best place to start, and from there, you’ll be able to build yourself up to a place where you can spend less while also growing your credit more.
Image via Kiplinger.