Credit scores are important because they rate your credit worthiness. The higher your score, the more likely you will get approved for future loans. A low score could impact many areas of your life such as Graduate PLUS loan eligibility, employment opportunities, and housing.
Ways to Improve Your Score:
- Pay bills on time.
- Keep balances low on credit cards.
- Manage credit cards responsibly.
- Don’t close unused accounts.
- Don’t open numerous credit accounts.
- Check credit report for mistakes.
Credit Reporting Agencies:
Equifax
Experian
TransUnion
You can also request a free copy of your credit report online here