Money-Saving Monday: Repairing Your Credit

Isn’t the point of managing debt ultimately to get out of debt?

If we no longer want to be a “slave” to our lenders, doesn’t that mean we don’t care about a credit score?

In a ideal world, we could all pay cash for everything. We would also make enough money to pay for all of the basics {shelter, utilities, food, clothing} and still have money left over. Ha.ha.ha.

Okay. So we know that good credit is important.. but what exactly is a credit score, and how do you determine if it’s good?

MyFICO breaks it down.

As long as you need any sort of help to buy a house, purchase a vehicle, pay for college, or finance a remodeling project, you are going to need to be concerned with your credit. So… How can you improve it?  If you pay your bills on time and don’t carry high balances on credit cards, you are on the right track. According to Bank Rate, here are 7 ways you can improve your credit score:

7 Simple Ways to Improve Your Credit Score

What if you want to buy a house in the next year or so but know that your credit isn’t up to par? How can you improve it ASAP? Forbes offers 11 tips to improve your score quickly:

11 Ways to Raise Your Credit Score, Fast

I’ve learned a lot over the years when it comes to credit. I’ve made some mistakes, such as these:

-Closing accounts immediately after paying them off

-Carrying balances on credit cards because they had “0 Interest for ____ Months”


-Getting store credit cards when I should have just paid cash

We are fortunate that our bank provides us with our credit score every month. It allows us to be aware of where we stand and what is affecting our credit. We also check our credit report annually through Annual Credit Report. In my {unprofessional} opinion, being aware is definitely the first step in improving your credit.

If you have excellent credit, what are some of the steps that you took to get where you are? Please share your personal experience and tips in the comments!

I hope that some of these tips help you become more aware of credit and what it means to you. I know I’ve learned a few things and have been able to have good credit because of it.. but it could always be better!

Published by CDH Designs

I am a Mom and self-employed Interior Designer. I own a small design studio & home decor shop in downtown Emporium, PA. It’s a small town in the PA Wilds of north-central Pennsylvania. We have some of the most beautiful scenery, and Fall (my favorite season) is breathtaking. I blog for fun to keep my friends and clients informed of what's going on in the design and decorating world, to share my designs, and to show what we're working on in our own home.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: