I mprove Y our C redit S core by the E nd of the Y ear
KEEP OLD ACCOUNTS OPEN. If you’re trying to improve your credit rating, you’re likely making every effort to pay off your bills and balances. You may be tempted to close out each account as you pay it off, but doing so will not improve your credit score; it’s more likely to hurt it. Closing an account lowers your maximum credit limit, which can lower your score. If the account has a record of on-time payments and you paid it off, leave it open. ONLY APPLY FOR NEW ACCOUNTS WHEN NECESSARY. When you go shopping at your favorite store, they’ll likely ask if you want to open a store credit account to save additional money. Don’t do it. Each new account you apply for will show up on your credit report and lower your score by a few points. Try to get pre-approved if you’re trying to take out a large loan for a vehicle or home purchase. That way, if you are pre-approved, you don’t need to apply for the loan, which will save your credit score.
WITH THESE 3 TIPS
Maintaining a strong credit score is incredibly important, especially with rising inflation. A high credit score will help you qualify for lower interest rates and obtain loans for high-cost items, such as homes or cars. We’re not taught much about credit in school, so many people make the mistake of opening credit cards or taking out loans they can’t pay off. This causes their credit score to go down. It’s not easy to improve your credit score once it’s taken a big hit, but you can do a few things to help it improve gradually.
Here are a few tips to improve your credit score by the end of the year.
PAY YOUR BILLS ON TIME. Payment history is the most influential factor in your credit score. If you aren’t paying your bills on time, you won’t see any improvement in your credit score. Lenders don’t want to loan to someone who has a history of missing payments; it’s an unnecessary risk on their part. Make your payments on time, and if you can’t afford the total amount, pay the minimum amount due. Interest will accrue, but your credit score will be untarnished.
A SOURCE OF SUPPORT FOR OUR CLIENTS
O ur C lient C oordinator , G race
company before she landed a job working on Department of Transportation compliance as it pertained to filmmaking. Grace helped manage the team from the legal side of things and ensured everything was done by the book. You may have even recently seen a movie she worked on! Grace decided she wanted to do something different and joined our team last April. She’s been nothing short of fantastic since she started working at Vayman and Teitelbaum. She enjoys being a source of calm for our clients when they’re going through a challenging situation. Grace can always provide our clients with a sense of relief, even if she only talks to them on the phone for 20 or 30 minutes. We love hearing our clients tell us how she completely turned their day around. Often, Grace will pair new clients with attorneys. She takes extra care to ensure everyone’s personalities align so we can provide the best outcome for our clients. Grace is transparent and upfront with them. She’s always available to talk things through or get you in touch with the right person. When Grace isn’t at work, she spends plenty of time walking through Piedmont Park or going to the movies. She’s been able to spend ample time with her parents recently, as they’ve been staying with her while her father works in the area. They’re usually playing board, card, or arcade games together. She’s recently become enthralled with pickleball and can be found at the Pickleball Center a few times per month.
You never truly know where your journey will take you when you start a new adventure. You might move somewhere new for work or school, and something might happen that completely alters your career path or plans. When our client coordinator, Grace, moved from South Carolina to the Atlanta area, she had no idea she would one day walk through our doors for work. When Grace first graduated from the University of South Carolina, she wanted nothing more than to break into the film industry. Initially, she worked as an account executive for a health care software
Grace has become an excellent addition to our team, and we are glad to see her making a difference in our clients’ lives.
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