5 Ways To Improve Your Credit Score During The COVID-19 Pandemic
Has the coronavirus pandemic impacted your daily routine, leaving you stuck in the house and anxious? Are you wondering how to be productive and make progress during a time of uncertainty?
It’s simple, take control of your credit score!
Credit scores are the grades that are synonymous with the ever-popular term “adulting.” The three-digit number reveals how financially responsible you are and how you manage your life. Your credit score is used by lenders to assess your credit personality and risk profile.
FICO is one of the most popular credit scoring models with scores ranging from 300 to 850. The highest scores enjoy faster and easier loan approvals for mortgages, cars and other items of interest. If your credit score rises above the 800 mark, you’ll be among an elite group of credit card users who will have more access to premium credit cards, concerts, events and travel perks. While reaching this level of credit status may be difficult, it isn’t impossible.
If you’re ready to make the most of your time at home, here are a few things you can do to boost your credit score.