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