Are you curious about your credit score and how to improve it? In this video, Matt from Highline Financial Coaching explains everything you need to know about credit scores and gives you practical tips on how to improve your score. Whether you're new to the concept or want to improve your financial health, this guide is for you!

What is a credit score?
Your credit score is a three-digit number that lenders use to determine your creditworthiness. It ranges from 300 to 850, with higher scores indicating better creditworthiness. Here's a quick breakdown of the different credit score ranges:

Bad: 300-579
Fair: 580-669
Good: 670-739
Very good: 740-799
Excellent: 800-850
Why is your credit score important?
Your credit score affects your ability to get loans and credit cards, rent an apartment, and even your insurance premiums. A higher credit score can mean lower interest rates and better financial opportunities.

How is your credit score calculated?
Credit scores are calculated based on five main factors:

Payment history (35%)
Credit utilization (30%)
Length of credit history (15%)
New loan (10%)
Credit mix (10%)
Tips to improve your credit score:

Pay your bills on time
Reduce your credit card balance
Do not close old accounts
Limit new loan applications
Check your credit report for errors
Improving your credit score takes time, but with consistent effort, you will see significant improvements in six months to a year.

Do you need personal advice? Highline Financial Coaching is happy to help you. Visit our website at highlinefinancialcoaching.com

Don’t forget to like, leave a comment, and sign up for more financial tips from experts!

Please take the opportunity to connect with your friends and family and share this video with them if you find it useful.