PennyGem’s Elizabeth Keatinge tells us about habits people with good credit practice.
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00:00Having a good credit score is imperative when you want to borrow money.
00:08What are some things you can do to make your score as strong as possible?
00:11FICO scores range from 300 to 850.
00:14CNBC recommends paying your bills on time and reducing your credit card balances.
00:19Common advice is to keep revolving debt below 30% of your available credit.
00:24Experian tells the publication that payment history and utilization rate
00:27counts for 60 to 70% of a credit score.
00:30Financial expert Becky Hardiman tells PopSugar Money
00:33that those with good credit tend to have available credit that they don't use.
00:37Keep old credit cards open if they don't have fees.
00:40The length of your credit history accounts for 15% of your score.
00:43Use credit monitoring services and don't be afraid to call your card company.
00:47There are real people behind the plastic.
00:49You can ask for forgiveness if you've made one late payment
00:52and you can ask to change your card's payment due date to say right after payday
00:56that makes it easier for you to pay on time.