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>>

  • Wildfire Near Mammoth Pool Forces Campers Out

    Wildfire Near Mammoth Pool Forces Campers Out

    Campers are being evacuated right now at Fish Creek and Rock Creek, near Mammoth Pool. AA wildfire is burning in that area. It started Monday morning. The US Forest Service is reporting that 60 acres have burned so far.More >>
    Campers are being evacuated right now at Fish Creek and Rock Creek, near Mammoth Pool. AA wildfire is burning in that area. It started Monday morning. The US Forest Service is reporting that 60 acres have burned so far. More >>
  • Wildfire Near Yosemite Grows to 2,600 Acres, No Containment

    Wildfire Near Yosemite Grows to 2,600 Acres, No Containment

    Firefighters will be working through the night, and into the morning, to gain control of a wildfire that is burning near Yosemite National Park for a second night.The El Portal Fire now covers 2,632 acres.Close to 600 firefighters are on site—and more are expected to arrive overnight.A stretch of Highway 120 remains closed from Crane Flat to the 120/140 Junction.Smoke from the fire, is now creeping into Yosemite Valley."You can barely make out El Capitan," said Ryan Green, who stopped at the ...More >>
    Firefighters will be working through the night, and into the morning, to gain control of a wildfire that is burning near Yosemite National Park for a second night.The El Portal Fire now covers 2,632 acres.Close to 600 firefighters are on site—and more are expected to arrive overnight.A stretch of Highway 120 remains closed from Crane Flat to the 120/140 Junction.Smoke from the fire, is now creeping into Yosemite Valley."You can barely make out El Capitan," said Ryan Green, who stopped at the ...More >>
  • Wildfire Near Yosemite Balloons to 2,100 Acres, Forces Road Closures

    Wildfire Near Yosemite Balloons to 2,100 Acres, Forces Road Closures

    A fire is burning near Yosemite National Park right now, threatening homes and forcing road closures.The fire started Saturday around 4:30 p.m. and now covers 500 acres.It is burning in the Merced Canyon, and has been named the “El Portal Fire.”The U.S. Forest Service reports that six homes have been evacuated, but more evacuations have been ordered to the town of Foresta, east of El Portal.The fire is moving in a North and East direction.So far, it has ordered the closure of Highway 120, bet...More >>
    A fire is burning near Yosemite National Park right now, threatening homes and forcing road closures.The fire started Saturday around 4:30 p.m. and now covers 500 acres.It is burning in the Merced Canyon, and has been named the “El Portal Fire.”The U.S. Forest Service reports that six homes have been evacuated, but more evacuations have been ordered to the town of Foresta, east of El Portal.The fire is moving in a North and East direction.So far, it has ordered the closure of Highway 120, bet...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.