Stephanie Schwenn Sebring

Clean Up Your Credit For Spring

Why not use the change of season to look for ways to improve your credit score? Your score is a number between 300 and 850. It’s calculated by using information found on your credit report. Financial institutions use your score to determine the risk associated with granting you a loan. Scores below 600 are considered poor. Scores above 720 are excellent.

Ways To Improve Your Credit Score

• Pay your bills on time. (Late payments will lower your score.)

• If you’ve had trouble, re-establish a good track record of making payments.

• Try not to use all of your available credit. For example, if you have a credit card, keep 50% of the line open.

• Start building good credit earlier. The longer your credit history, the higher your score may be.

• Avoid applying for lots of new credit – this can lower your score.

• Secure “good debt” like mortgages and auto loans from reputable lenders.

• Avoid owing money to finance companies or payday lenders.

The chart below shows how each area can influence your credit score.

The chart below shows how each area can influence your credit score.

PIECHARTReview Your Credit Report Annually

Visit for your free credit report.



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