October isn’t just a month to conjure up ghouls and dress up like Harley Quinn or the kids from “Stranger Things,” it’s also the best time of the year to spruce up one’s credit score. Why? Because Oct. 20 is National Get Smart About Credit Day.
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Part of the Get Smart About Credit program, which was started by the American Bankers Association Foundation in 2003, this “holiday” encourages consumers to promote healthy personal finance habits, including building and maintaining a strong credit score.
Here are 5 ways to improve your credit score on this special day.
Check Your Credit Score and Report
Knowledge is power. Anyone’s first step in the process of improving their credit score begins with knowing one’s credit score. You can request a free copy of your credit report from each of the three major credit reporting agencies — Equifax, Experian, and TransUnion — once a year. Once one has a copy of their credit report, they should scrutinize it to make sure all information and payment/loan history is accurate.
Autopay Bills
It may not be payday, but it can certainly be pay bills day. By paying their bills on time, and indeed, ahead of time, consumers can build up a solid history of accountability, which can enhance their attractiveness to lenders and boost their credit score. Those not already enrolled in autopay should sign up today.
