Improve Your Credit Score in Three Simple Steps
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How to Improve Credit Score

May 14, 2021
Video Time: 00:51 | Views: 53

A poor credit score can prevent you from buying a house, getting a loan, opening new credit cards, and more. PenFed wants to help you avoid that. Wealth Program Manager Matthew Doyal shares what you can do to make that score soar.

Schedule a FREE consultation with a financial professional today.

Here’s how you improve your credit score:

First set up automatic payments on all your credit accounts so not just your credit cards but your mortgage, your store cards, your automobile, everything.

Make sure it’s on automatic payment every month so that you never miss it.

You don’t have to think about it and it’s a great way to avoid stress.

Second,  dispute any inaccuracies on your credit report. So, the first thing you need to know is annually pull your credit report and know exactly what’s on it and if there’s anything that doesn’t belong you want to make sure you’re disputing it.

And then the third one and very important is to consolidate take those high interest credit cards. Consolidate them into a personal loan at much lower interest with fixed principal and interest payments so that you can pay off your debts faster.

 


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