How to learn about your credit score and improve it
News from Fort Worth Star Telegram:

How to raise your score

Pay bills on time every month.

Don’t max out or come close to maxing out credit cards or revolving credit accounts. For higher scores, keep your balance under 25 percent of the limit.

Pay down debt instead of moving it around.

Don’t open a lot of new accounts at once.

Check your credit report for errors. You can get it for free through www.annualcreditreport.com or by calling 877-322-8228.

Americans are getting more knowledgeable about credit reports, but most of us still don’t really understand how much they can affect our pocketbooks, according to a survey released this week by the Consumer Federation of America.

Here’s what we should know, in a nutshell: The higher your score, the lower your payments on a loan.Only 29 percent of those surveyed were aware that a borrower with a low credit score will pay at least $ 5,000 more on a $ 20,000, 60-month auto loan than someone with a higher credit score.Most also didn’t know that credit scores mostly measure the risk of not repaying loans, not the amount of debt or f…………… continues on Fort Worth Star Telegram

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