Debt and Your Credit Score
Tips for creating a budget and paying down debt.
In our last two blogs for Credit Awareness Month (“Understanding Your Credit Score” and “Credit Score Holding You Back?”), we have mentioned how debt factors into your credit score calculation. So now, let’s talk about methods on how to handle debt in favor of your credit score.
Budgeting and dealing with debt can be a struggle, but your first steps would be to create a budget and pay down your debt strategically.
*Lake Area Mortgage; a Division of Royal Credit Union is not a credit counseling or financial advisement firm. This information is for educational purposes only and is not to be taken as guidelines or guarantees to improve your credit or financial situation.