How to Fall in Love with Your Credit Score


Ready to fall in love with your credit score? This weekend's #moneypositivity challenge is a quick one, and should take you about one hour to complete.


This is an easy one. Get your credit score. Use one of several free resources (we like Capital One's Creditwise) to see your credit score number for free. This will be your benchmark moving forward. 


Why is this your credit score? Explore the key credit-worthy decisions you've made in the past year, and write down your top five. These include buying something on credit, opening or closing a new loan, missing monthly payments, opening or paying off a credit card, adding or closing a mortgage, or moving a loan in and out of collections. If the biggest factors on your score happened over a year ago, note those too – because you might not have made enough progress on changing them to make an impact quite yet.  Honor where you are right now, wherever it is, and celebrate how much of a difference you’re going to make!


Decide on five ways you can move your credit score from here. The biggest impact on your credit score comes from moving things out of collection, increasing your overall available credit, and maintaining consistent monthly payments on your credit line. Can you make a pact to do one thing on each of these three (where applicable)? If your credit score is something you're comfortable with, write down three ways to maintain it.


Add a monthly calendar reminder to check these steps and your progress on them. Each month, come back and review steps 1-4, and adjust accordingly. This consistency makes upkeep a part of your first exploration, and commits yourself to a practice that can change or maintain your number over time.


Tell someone you know about these steps! They may be able to help you achieve your goals, and you’ll help everyone feel less awkward about sharing their money goals in the future. Approach the conversation with your financial buddy with pride, even if your credit score is less than ideal to you.

Please note: We intentionally did not include content on what makes a “good” credit score in this article, in the practice of money-positivity. If you’re interested in learning more about the tactical parts of how credit works and how to fix it, please explore these resources.

Phot.o by Bart LaRue on Unsplash.









Nicole Cardozapractices