Whether you have actively thought about it or not, you have built a credit history and a credit score that is reviewed constantly by lenders, credit card companies, financial institutions and even employers. Your credit score not only affects the rate you will be charged for credit, but also affects the financial products and services you will be able to obtain. A poor credit score can mean that you may be turned down for even a basic account such as checking.
Understanding how this score affects your financial life is critical, but it doesn’t take much time to learn the basics and even start correcting a bad score. Information on how credit scores are calculated and what lenders look for when you apply for credit is further down in this article. But first, here are some easy steps you can take towards a better credit score:
- Make payments on ...
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Step 1: Compare your account register to your account statement for unrecorded transactions (such as ATM, Check Card, Interest earned, fees, etc.). Your new account register total should match the adjusted balance in step 6 below.
