As children and young adults, our educational institutions gave you report cards and GPAs to measure how well you were managing your academics in school. Once you graduate and you’re no longer being measured by your academics, your credit score is your report card in life! This now becomes the score you’re judged by regardless of your profession.

Even if you’re not planning on taking out any loans or borrowing money in any way, taking the steps to improve your credit score are great exercises in good money habits and good money management. A good credit score isn’t just about borrowing money. In order to have a good credit score you need to have good money habits and that’s the bottom line.

“Are you willing to accept anything less than the credit you want, the credit you need and the credit you deserve?” ― Tyler Gregory

Keeping your loan balances paid off, making payments on time and reviewing your credit history on a regular basis for errors or signs of id theft are the best ways to ensure that you’ll have a high credit rating. Think of those things like they’re your homework assignments to help keep your grade point average up. Really, they’re just simple exercises in good money management that will go a long way for your financial future.

If those are things you’re not used to doing, then you need to make it a priority to work on developing those habits. Like anything else, the more you do it, the easier it gets and the more motivated you’ll become as you start seeing results. Be consistent, be disciplined, be diligent and as you keep your financial house in order, watch your credit score improve! 

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