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250 Osborne Road, Colonie, NY 12205

Phone: 518-438-1835

 

Website: www.bonannofinancialadvisors.com

November/December 2024

Five Credit(able) Steps to a Higher Credit Score

Five Creditable Steps to a Higher Credit Score

Your credit score is often the driver when looking for the best deal on a credit card or auto loan. Here are some steps to help increase your credit score:


1. Check your credit scores.
Get a free credit report every year from Equifax, Experian and TransUnion. Examine each for errors.


2. Shrink your debt.
You may want to start by paying off your credit card with the highest interest. This is one step to a better income-to-debt ratio and a better credit score.


3. Expand your income.
You might accomplish this step with a part-time job, overtime or freelancing.


4. Automate your savings.
Lower debt and more income means you can save more for big goals, including retirement. Make your IRA and 401(k) plan contributions automatic.


5. Review as needed.
Once you create a sparkling credit profile, check regularly to keep it that way.


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Registered Representatives offering securities and advisory services through Cetera Advisor Networks LLC, member SIPC/FINRA, a broker/dealer and Registered Investment Adviser. Cetera is under separate ownership from any other named entity.
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