Credit Score

In an effort to get more credit and raise my credit score. I’ll be taking a very small step and begin to use my Capital One Visa credit card more often now. While the difference in my score may be minimal, it’s worth it, any amount is worth it. As time goes by, I’ll become more accustomed to using a credit card, that I’ll open up additional cards too - of course making sure I can make the payments on time.

You never want to live above your means, if you care about your credit score.

Another thing that can help your credit score is opening a new loan, then paying it off. This is one option I will most likely not do. First of all, I have no need to borrow money, second of all, even if the interest rate I borrow at can be very low - it’s not going to be as low as what I’d earn at a savings account. So there’s no profit to be made.

For now, it just looks like I’ll use my credit card more often now.