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7 Essential Ways You Can Lock In a High Credit Score Today
Credit Insider Tips You Can’t Afford to Miss
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Did you know Beyoncé is older than the Credit Score? Beyoncé.
Wild, right? The modern credit score has only been around since 1989, so it’s younger than Queen Bey herself.
But even though it’s relatively new, your credit score is one of the most important numbers in your financial life.
It’s your financial passport, giving you access to better deals, whether you’re looking to buy your first home, snag a low-interest car loan, or get that cool apartment downtown.
Why Your Credit Score Matters (and How to Keep It High)
Let’s be real: your credit score isn’t just a number that sits there doing nothing. It’s your financial reputation.
Lenders, landlords, and even some employers check it out to see how reliable you are.
A strong credit score means more options, better rates, and, ultimately, more freedom to do what you want.
So, what’s the secret to keeping your score high? It’s not as complicated as you might think.
Let's get into it!
Welcome back to another edition of "Rolling in Dough" Newsletter, where we serve up the simplest ways to save more, spend less, and build wealth with weekly insights, consumer psychology hacks, and tiny tips to do today. I hope to make your financial journey a little fun, simple, and totally doable, where ever you are on your wealth journey.
7 Essential Ways You Can Lock In a High Credit Score Today:
💪 1. Stay On Top of Payments (Payment History: 35% of Your Score)
We all know paying on time is important, but here’s the thing – it’s really important. Your payment history is THE biggest factor in your credit score. One late payment can ding your score, so keeping up with your bills is crucial.
Dough Pro Tip: Set up autopay for bills, or reminders on your phone to make sure you never miss a due date. If you’re already nailing this, keep up the good work – your consistency is what keeps your score on track.
⚖️ 2. Keep Your Balance in Check (Credit Utilization: 30% of Your Score)
Think of your credit utilization as a gauge of how much credit you’re using compared to what’s available. The lower, the better. High balances can make it look like you’re stretched thin.
Dough Pro Tip: Aim to use less than 30% of your available credit at any time. If you can swing it, pay off your balance each month or make small payments throughout the month to keep that utilization low.
👵 3. Hold On to Old Accounts (Length of Credit History: 15% of Your Score)
Here’s something you might not know: keeping your old credit accounts open helps your score. Even if you’re not using that old card much, its age can work in your favor.
Dough Pro Tip: Every now and then, make a small purchase on your oldest card and pay it off right away. This keeps your credit history long and your score in good shape.
🤹 4. Mix It Up (Credit Mix: 10% of Your Score)
Lenders like to see variety – it shows you can handle different types of credit, like credit cards, student loans, or a car loan.
Dough Pro Tip: If you’ve only got credit cards, consider adding something like a small personal loan. Just make sure it’s something manageable that you can pay off easily.
🤓 5. Be Smart About New Credit (New Credit: 10% of Your Score)
Opening too many new accounts too quickly can make you look like a risky borrower.
Dough Pro Tip: Only apply for new credit when you really need it, and space out your applications. Before you do, check if you’re pre-approved – it won’t affect your score and can help you find the best offers.
🤔 6. Check Your Credit Report for Mistakes
Here’s an insider tip: mistakes on your credit report aren’t uncommon, and they can mess with your score.
Dough Pro Tip: Grab your free credit report from all three bureaus (Experian, TransUnion, and Equifax) at AnnualCreditReport.com. If you spot something wrong, dispute it. Fixing errors can give your score a quick boost.
📈 7. Ask for a Credit Limit Bump
Increasing your credit limit can lower your credit utilization ratio, which is good for your score.
Dough Pro Tip: If you’ve been handling your credit well, call your credit card issuer and ask for a credit limit increase. Just be careful not to increase your spending along with it – the goal is to keep your balance low relative to your new, higher limit.
👋 TO GO: THE WRAP UP
Your credit score might seem like just another number, but it’s actually a powerful ingredient as you make your dough grow with simple recipes for wealth.
By making a few smart moves, you can keep it high and your financial options wide open.
Remember, a strong credit score isn’t just something nice to have – it’s your recipe for better rates, more opportunities, and the freedom to live life your way — and a simple way to keep building wealth.
👋 Until next time,
Rooting for you! Let’s make this dough grow!
Profit Nic
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Hope you enjoyed this newsletter! If you found it helpful, forward or share it with a friend who could use a little help growing their dough too. And as always, hit me up with your thoughts, tips, or topics you want me to cover. I love hearing from you!