TIPS on keeping your credit score in a healthy state:
Don't let low credit scores interfere with your options.
A new study shows that the average person could save 76% a year on interest by raising their score by just 30 points.
Pay more than the minimum payment so your balance doesn't build up. Pay bills on time. If you have been late, paying on time for six to nine months can raise your score. Don't borrow the maximum on any one card even if there is a low-interest offer. If you have a card with $10,000 in available credit, don't owe more than $6000. Don't open two or three new cards within a couple of months. This will lower your score. A credit score of 710 or more will get you favorable rates on credit cards, auto loans, and mortgages.
---Bill Zimmerman, Lender
Eagle, Idaho
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