<span style="font-size: 8pt;">By Lucille Reed
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<h3>4 Tips To Improve Your Credit Score</h3>
You’ve heard of credit scores, but do you know yours? Your credit score is a predictor that helps financial institutions determine how likely it is that you’ll repay the money lent to you.

Many people don’t realize that knowing your credit score is as important as knowing your bank balance. Even many insurance companies consider your score when determining your insurance premium.

Luckily, keeping tabs on your score is easier than you think.
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<h3>1. Request a Free Credit Report</h3>
Paying attention and knowing what your credit looks like is key. You can request a free credit report once a year at <a href="https://www.annualcreditreport.com/" target="_blank" rel="noopener noreferrer">www.annualcreditreport.com</a> or at your local bank or credit union.

Review the report for any mistakes or accounts that are incorrect. It isn’t unusual to find mistakes, and many people miss this opportunity to help increase their scores by removing erroneous information.

Once you see all of your debts, then you can begin to make some changes.
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<h3>2. Reduce Your Debt</h3>
After reviewing your free credit report, identify the smallest debts and pay those down first. Even if you can only budget an additional $10 towards each bill payment, the effort is what matters here.

If you have big credit card balances, call your credit card companies to ask for your limit to be raised. The point isn’t to charge more, but instead, to increase your debt ratio, which is basically the difference between what you owe and what you’ve been allowed to borrow.
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<h3>3. Set Payment Reminders</h3>
Missing payments and making late payments are quick ways to lower your score. Set payment reminders or auto-deduct when and where you can so you can avoid the possibility of late payments.

If you plan to always pay the minimum payment on a credit card, visit their site to set up recurring payments. If you find yourself rushing to the bank to make a loan payment on or after the due date, inquire about setting up auto-deductions.

You can often choose the day the funds will be drafted out of your account. Many people choose the day after payday to ensure funds are available.
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<h3>4. Open A Credit Card</h3>
Once a free credit report is requested and reviewed, many people find that their issue isn’t bad credit, but actually a lack of credit history.

In this instance, it may be a good idea to visit your local bank or credit union and inquire about opening a line of credit for the purpose of improving your credit history.

The key is to use it for small purchases and then pay it back each month just to keep the account open and the balance low. In 6-8 months, ask for a new credit report and see the difference.

Consult one of our licensed insurance professionals at <a href="tel:17132543439" target="_blank" rel="noopener">713.254.3439</a> or email us at <a href="mailto:Info@JSuttonFinancial.com" target="_blank" rel="noopener">Info@JSuttonFinancial.com</a> to find out more information about your life insurance options.