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ikarisma04

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TEEN PARENT-Boosting my credit step by step?
my credit is very poor i want to know how to better my credit step by step.
PROBLEM AREA: Saving money
open to any suggestions

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Your problem area is not Saving. Your problem is managing your credit. If you save money instead of paying off your credit then your cost of credit will exceed your income from savings. Your best method of saving is paying off your debts so that you can save instead of paying interest on debts.


  1. Budget closely.
  2. Pay all your accounts on time!
  3. Use excess funds to pay off higher interest rate debts first.
  4. Never close credit card accounts.
  5. Never apply for unnecessary credit.
  6. Control your spending. Don't use credit just because you have available credit.

Your credit score will improve over time. Paying off your high interest rate accounts first will leave you with more money to pay others faster. Then, when all your debts are paid save the total amount that you had been paying to pay off your debts. Savings build up fast that way.

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