Texas, Power Up Your Credit Score With These 5 Helpful Hints

Let's chat about something most Texans could benefit from - bumping up your credit score. Think about your credit score as a video game high score, where the higher you score, the more levels (opportunities) you unlock.

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Whether you're dreaming of a new car, a cozy home, or just wanting to get those credit card rates down, boosting that score is key. An article from Bank of America has some great ways to get the job done but I also wanted to throw in some that have worked for me.

LOOK: POWER UP YOUR CREDIT SCORE WITH THESE 5 HELPFUL HINTS

Pay On Time, Every Time: Think of your payments as your daily coffee routine - something you just don't skip. Late payments are like stains on your shirt; they don’t look good.

Keep Balances Low: Try to use just a little of your available credit. It's like showing you can have a good time at the party without going wild.

Old Is Gold: Keep your older accounts open. It shows you’re reliable. Closing an old account is like telling your best buddy you don’t need them anymore - not cool.

Limit New Credit: Applying for new credit is like fishing; too much bait in the water scares the fish away. Lenders get nervous if you look too eager.

Mix it Up: Having a mix of credit (like a car loan, credit card, or maybe a small personal loan) is like a well-rounded meal. It shows you can handle different types of credit responsibly.

Building a good credit score is like growing a garden. It takes patience, care, and a bit of strategy. Start with these simple steps, keep an eye on your financial habits, and you'll see your score start to grow.