Question of the Day: How Can I Get a High Credit Score?

Reading through some feedback forms for an upcoming workshop, I was surprised to see that students consistently said they wanted to learn more about how they could get a high credit score.  They obviously had heard about the importance of a good credit score but didn’t know how to achieve one.

This Kiplinger article provides insights into the good habits that consumers with high credit scores have:

  • Most important:  They pay bills on time.
  • They minimize use of their available credit (i.e., they don’t max out their credit cards!)
  • Maintain low or no balances on their revolving credit accounts (i.e., they pay off their credit cards and don’t carry debt over month to month).
  • They have a lengthy credit history.
  • They apply for credit only when needed.
  • They choose their credit cards carefully.