The Good Credit Power

Do you want to make credit work for you? Credit is the ability to borrow money and repay it later. When people talk about having good or bad credit, they are generally referring to their credit history or scores. Understanding how credit histories, reports, and scores work will help you take the necessary steps to build a positive record for credit purposes. The good or excellent credit scores can help you reach your goals by potentially lowering costs for borrowing money.

How Do You Improve Your Credit Scores?

A credit score is a number that predicts how likely you are to pay back a loan on time. Companies use various mathematics formulas to create scores from the information in your credit report. Higher scores reflect a better loan paying history and generally make you eligible for lower interest rates. Building a credit history is important and takes time. You can set yourself up for success by choosing the right products and practicing good credit management. Here are some strategies you may want to consider:

  • Get and review your credit report. Make sure the information in the report is accurate.
  • Dispute any errors on your credit report.
  • Research credit building options and choose one that works for you.
  • Establish good habits for managing and paying bills, credit cards, and loans. Check your credit limits so you can keep your balance well below that limit.
  • Set up alerts for your payment dates and put your monthly payment due dates on your calendar.

Tools that Will Help You

  • Understand the factors that influence your credit scores.
  • Identify things you can do to improve the credit history that’s behind your credit scores.
  • Learn how t0 access your credit scores.
  • Find products that will help you build your credit history responsibly.
How to Do Payroll And Avoid Mistakes

Get Errors Fixed on Your Credit Report

Errors on your credit reports or fraud caused by identity theft can make borrowing more expensive or prevent you from getting credit. You do not have to pay a company to dispute errors for you. You have a legal right to dispute errors yourself for free.

Review your credit reports and identify which errors need to be corrected.

Gather the proof to show the error on the credit reports. Be sure to be specific as you can.

Contact the credit reporting agencies and vendors or creditors who reported and caused the inaccuracies.

The company generally has 30 calendar days to investigate your dispute. After the investigation is complete, the credit reporting company should send you the results within 5 business days.

Need more help with your credit, visit There is a lot of resources and booklets that you will help you with your credit.

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