Stretch Your Dollar: Improving your credit score

(WTNH)– Time for a financial check-up! This the time of the year, when you can put together a plan for the rest of the year.

We are helping you get on track and stretch your dollar with a healthy credit score.

The first start to making a change is get honest about where you stand right now! According to, here’s a look at the average score by age.

credit score Stretch Your Dollar: Improving your credit score

You can compare yours or jot the number down to compare later. Everyone ages 18-29 years old should have a score of roughly 652. It goes up from there. Everyone older than 60 should be somewhere around 743.

Now that you know where you stand, how can you improve it… here are three easy steps.

Pay your credit cards on time. That’s the best way to build “good” credit.

Be sure to watch those balances. It hurts your score when you approach the debt limit. Bank rate says less than 30 percent of your balance is ideal

And don’t “hint at risk” missing a payment and then paying a lot less than normal. It tells the card issuer you’re having some kind of financial problems.

WTNH NEWS8 provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review. Also, you can now block any inappropriate user by simple selecting the drop down menu on the right of any comment and selection "Block User" from there.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s