If you’re asking yourself “what is a good credit score and how do I maintain it?” then watch this week’s episode of MonsterTV to learn more:
How does my credit score move and how do I keep it high? Your credit score can range anywhere between 400-850 and typically in the mortgage world, lenders are looking for someone to be above 620.
To keep it high, make sure you are paying off your credit card debt and not carrying balances. Making your minimum payments is very important in maintaining a good credit score. When you miss a minimum payment or instalment loan, like a student loan, it hurts your credit score and makes it a lot harder to increase. Make your minimum payments and call the Monsters if you have any questions: