How Do You Ensure That You Have a Good Credit Score?
- Posted: 9th January, 2025
- Updated: 9th January, 2025
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Here is a table that summarises the key tips for ensuring a good credit score:
| Tip | Description |
|---|---|
| Keep your credit utilisation low | It is the amount of credit you are using compared to your total available credit. You should keep it below 30%. |
| Limit new credit applications | When you apply for a new loan or credit card, a hard inquiry is reported on your credit report. Too many hard inquiries in a short period can lower your credit score. |
| Do not close old credit accounts | Keep old credit accounts open, even if you do not use them often. |
| Dispute any errors on your credit report | Review your credit report regularly for any errors and dispute them immediately with the credit bureaus. |
Review your credit report regularly for any errors and dispute them immediately with the credit bureaus.
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