Financial Education

Success Begins with Education

Keep a low credit utilization ratio. Don't use more than 30% of your available credit, and don't charge more than you can pay in full when the bill arrives.

Avoid opening many new accounts in a short time period. This can send a red flag to lenders that you are taking on new debt, and temporarily lower your score.

Keep existing credit lines open, even if you're not regularly using a credit card. Do not close it right before you apply for new credit. Closing cards can shorten your credit history and affect your credit utilization rate, thus lowering your total credit score.

Pay your fines. If debts are reported to a credit reporting agency, they can knock down your credit score.

Earning a good credit score and keeping it above 720 is a good life skill to learn and will make adulting a little easier. :)