The ins and outs of building good credit

For lots of people, the three digits making up your credit score are filled with mystery. How long do late payments stay on it? Is paying off a credit card account and closing it good or bad? And how high does it really need to be to afford the house you want?

Understanding how credit scores and reports work is an important step in your financial journey. Building positive credit and avoiding hits when possible can help you achieve your goals such as buying a home, leasing a car, or paying off debt. 

Our short 5-minute lessons include information about:

• The types of institutions and companies that may use your credit score

• The importance of credit, how to monitor credit, and how to improve and maintain your existing credit

Develop healthier credit habits in under 10 minutes with the First Option Bank financial wellness center: https://firstoptionbank.everfi-next.net/