Tips To Clean Up Your Credit - KMPH FOX 26 | Central San Joaquin Valley News Source

Tips To Clean Up Your Credit

Posted:

If you're in the mindset of spring cleaning, you may want to include your credit.

A new survey out by Capital One shows 41% of Americans don't know what their credit score is right now.

Another 55% haven't checked it in a year, and 63% of young adults don't know what their credit score is.

One personal finance expert says keeping track of your credit score is key to financial health and offers advice on how to boost your credit.  Farnoosh Torabi says, "Start with paying your bills on time. This is the most critical factor in getting a healthy score. Your credit history, your billing history is about 35% of your score. So it's really important to automate your payments so you'll never miss a payment and you can always be sure that your billing history is polished."

In addition to paying your bills on time, experts say it's also important that you're not just paying the monthly minimum because that will likely keep your balance high and over the long run you'll pay a lot in interest.

And, if you're in the market for a new credit card do your homework. Financial experts say opening up three or four cards at a time may be too much. Every time you apply for credit there will be a hard inquiry placed on your credit profile. And, when you add those inquiries up, they can lower your credit score.

  • Local NewsLocal NewsMore>>

  • No Running Water At Fresno Apartment Complex

    No Running Water At Fresno Apartment Complex

    Dozens of apartments were without water for most of the morning in a southeast Fresno apartment.Fresno city leaders say the property owner owed the city more than $16,000 for unpaid water bills and penalties, so city crews were forced to turn it off.Resident Anthony Smith says, "You don't expect to be taken advantage of or to be treated as less than. That is what I see and feel this company has done to the people here."For years, the Air Force veteran has lived at the complex.Smith says he's...More >>
    Dozens of apartments were without water for most of the morning in a southeast Fresno apartment.Fresno city leaders say the property owner owed the city more than $16,000 for unpaid water bills and penalties, so city crews were forced to turn it off.Resident Anthony Smith says, "You don't expect to be taken advantage of or to be treated as less than. That is what I see and feel this company has done to the people here."For years, the Air Force veteran has lived at the complex.Smith says he's...More >>
  • Limousine Involved in Crash Near Reedley

    Limousine Involved in Crash Near Reedley

    The CHP, the Fresno County Sheriff's Department, and several ambulances are responding to a crash involving a limousine anda U-Haul truck near Reedley.The crash happened Tuesday night at the intersection of Englehartand Lincoln Avenues.It's unclear if anyone was hurt, but KMPH FOX 26 News does have a crew at the scene gathering details.We'll have the latest on Great Day, starting at 5:00 a.m.More >>
    The CHP, the Fresno County Sheriff's Department, and several ambulances are responding to a crash involving a limousine anda U-Haul truck near Reedley.The crash happened Tuesday night at the intersection of Englehartand Lincoln Avenues.It's unclear if anyone was hurt, but KMPH FOX 26 News does have a crew at the scene gathering details.We'll have the latest on Great Day, starting at 5:00 a.m.More >>
  • Thieves Steal Baseball Equipment From Special Needs Kids Team

    Thieves Steal Baseball Equipment From Special Needs Kids Team

    A special–needs softball league in Fresno might not be able to play this season. It's because thieves stole all of its equipment from a shed at Al Radka Park in Southeast Fresno.
    More >>
    A special–needs softball league in Fresno might not be able to play this season. It's because thieves stole all of its equipment from a shed at Al Radka Park in Southeast Fresno.

    More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KMPH. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.