How to help: Northern California wildfire relief

Funding Your Future: Sneaky ways to increase your credit score

Financial expert Rachel Langlois shares sneaky ways you can increase your credit score. For more information, go here. 

Correct Errors
• 1 in 4 have some type of error on their report

Pay on time
• Late payment = loss of 60 - 110 points
• Find out when your issuer reports to the credit bureaus
• Set up automatic payments

Keep Balances Low (Credit Utilization of 30% or less)
• Changes in two ways: you reduce debt or increase credit
o Pay down the card/loan with the worst utilization first (if interest is comparable or lower)
o Increase Limit: if you can be responsible, increase your credit limits when you aren`t able to pay completely off
o Only do for cards you have no missed payments or it could signal distress and they may lower your limit instead

Don`t Cancel Cards
• This can affect length of history and credit utilization

Only Open Accounts as Needed
• Become an authorized user on someone with good credit history