This week we will offer a series of tips to help you improve your credit score. During a recession lenders get very picky, so if you want to borrow money, it’s critical that you have as high a credit score as possible. A high credit score allows you to borrow money, and it also allows you to borrow money at better rates than someone with a lower credit score.
Today’s tip: get a copy of your credit report. If you don’t know what’s on your credit report, you can’t take steps to improve it. You can purchase your credit report on-line, or you can mail away and get a free one from Equifax and Trans Union.
It is particularly important that you review your credit report well in advance of when you need to borrow money. If you plan to buy a house next spring, get a copy of your credit report now, and work to improve it, as we will explain later this week.
