If you have a short credit history or a poor credit score, you may be wondering how to build good credit. A good credit score can unlock all kinds of financial perks and benefits, from rewards credit cards to low-interest rates on personal loans, mortgages and more. Having good credit can also help you when applying for apartments and job applications, as prospective landlords and employers will sometimes check up on your score to make sure that you’re financially responsible.
In 2019, the average credit score was 703. Credit scores range from 300 to 850, with a good score often considered to be 670 and above. While having a good credit score is important for your overall financial health, building credit can be confusing and even intimidating to people who are unfamiliar with it. Once you damage your credit score, it can take time and persistence to build up your score again. Luckily, there are a few simple steps you can take to raise your score over time.
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