Five Ways to Boost Your Credit Score

Conn. (WTNH) – The countdown to Black Friday is on, when many people officially kick off their holiday spending.

It’s important to be careful not to take on too much debt to negatively impact your credit score. We’re stretching your dollar with five ways to boost your score before the holidays.

Do you need it to buy a house, a car or get better rates on your bills? Yes, we’re talking about the almighty credit rating. It’s easy to forget when you rack up vacation debt. That’s why now is the time to focus on how to improve it.

Here are five ways to get started.

  1. Check to see whatDoes your score is …and what’s on your credit report. This is the best way to discover errors that could have a negative impact on you.
  2. If you have credit cards, Use them! Don’t maximize them. Even small one-time payments each month can boost your credit score.
  3. Leave old accounts open. When you finally pay off those student loans or car payments.. Keep them open to keep your maximum credit limit higher. This lowers your usage rate, which increases your score.
  4. You can even call your accounts you’ve been paying on for years. Ask them to increase your credit limit, which optimizes your usage.
  5. Only apply for a loan if you are really need. Each time you apply, it’s a tough survey that temporarily lowers your score.