Building good credit takes time, but it’s one of the smartest financial moves you can make.
Your credit score affects everything from getting approved for a loan to the interest rate you’ll pay on a credit card or mortgage. Whether you’re just starting out or trying to recover from past mistakes, here are a few key tips to build (or rebuild) strong credit:
- Open a starter credit account. A secured credit card or share secured loan from Coosa Valley Credit Union can help you get started safely.
- Pay your bills on time—every time. Payment history is the single biggest factor in your credit score.
- Keep your credit utilization low. Try to use less than 30% of your available credit limit.
- Avoid opening too many accounts at once. Each credit inquiry can slightly lower your score, so space out new applications.
- Monitor your credit. Many tools (including those offered by your credit union) can help you keep an eye on your progress.
Need help getting started? We’re here for you. Stop by your local branch or give us call. Together, we’ll create a plan to help you build credit and take charge of your financial future.
