Does Your Credit Score Need a Vibe Check?

Does your credit score need a vibe check?

No one\xa0likes\xa0being summed up by a number, but your credit score is an important figure that can impact many important milestones in your life. Renting your first apartment. Buying your first car. Landing your first big job. The way these events turn out all depend on whether or not you have a good credit score.

\xa0

While waiting to hear if you qualify for a loan or lease can feel a lot like waiting for the next season of Bridgerton, we’re here to share a few things you can do to boost your credit score. And we teamed up with Mary Hines Droesch, Head of Consumer, Small Business & Wealth Management Banking and Lending Products at\xa0Bank of America, to bring you expert advice on the matter. According to Droesch, here are the top six ways you can actively improve your credit score:\xa0

“Developing strong credit early will serve you in the long run,” says Droesch, as it can impact many of your future financial plans. Having a high credit score not only increases your likelihood of getting approved for a mortgage or auto loan, it can also help you qualify for a lower interest rate. “This can save you money over the life of the loan that you can put towards other things,” Droesch explains.

\xa0

In a nutshell, having a higher credit score makes you more appealing to lenders, landlords, insurance companies (and even potential employers). Since your credit score can impact so many areas of your life, it’s crucial to build good credit habits now, so you can widen your opportunities to meet your financial goals—now and in the future.