Hi. I’m Elsa M. for Quicken with five ways to maintain a healthy credit score.
Your FICO credit score is a number in the range of 300-850 that represents your ability to repay lenders. A score above 760 usually secures the best interest rate on loans. Slip under 700 by just a couple of points and your interest rate starts to jump.
These days, credit scores are not only used by lenders but by everyone from landlords to prospective employers. A bad score can keep you from getting an apartment, a mobile phone or even a job.
How do you keep your credit score in good shape?
Remember, a good credit score is an asset you don’t want to lose. So be vigilant.
For more information on maintaining a healthy credit score, visit Quicken.com.