By Kimberly Lankford
TODAY
Your credit score has a huge impact on your personal finances, especially now that it’s tougher to qualify for loans. If you have a good score, you can take advantage of today’s low mortgage rates. If you have a bad score, you might not be able to get a loan at all. Your credit score also affects the rates on your credit cards, car loans and insurance premiums, as well as your ability to get a job, rent an apartment or take out a cell-phone contract.
Despite the importance, people tend to make big mistakes when trying to improve their credit scores. Here are seven easy steps you can take to boost your credit score.