How to Boost Your Credit Score

Video Transcript

"Hi, my name is Maria Enomoto from Consumer Credit Counseling Service and today we're going to learn how to boost your credit score. If you have a real low credit score or you have a good credit score but you want to make it even better, okay, there's some things that you will want to watch. You first of all, need to pull your credit report to make sure what information what you have there. Check that every single information there, its updated, it's correct, okay, and you don't have any negative marks there. And also check if your balances are in good standing, that you are paying on time, try to pay more than the minimum and before the payment due date. Try to keep your balances in less than fifty percent of your credit limit. And try to diversify the kind of credit that you have. Only credit cards probably know that they make it an excellent, excellent credit report because nowadays, the credit report agencies are going to take into consideration how, what type of credit do you have. So, you can have like credit cards. You can have probably have mortgage or car loan or a student loan. Those are going to be the different types of credit that are going to show some planning on your credit history, that you have some credit card for some type of expenses. That you have a car loan because its part of your life and your planning that you have done for your life. Or you have student loan because you have studied in the past and you are paying now. Or you are about to study and they are recording that. All the information that is shown on the credit report shows how we are living our life through our credit. So, as long as you show something consistent, as long as you show something that is planned, it's going to be a, it's going to be a good information for you. Always remember that the credit history and of course the score link to this credit history, it's going to take time to build it. So, if you follow the steps, okay, through, during your lifetime, it's when you are always going to have a good credit score."