Building Credit and Keeping Yours Healthy

The following post comes from the America Saves blog. Follow them on Twitter and Facebook.

Over the past 6 weeks America Saves has featured blogs on the importance of building and maintaining good credit. 

You probably know your credit score can affect the interest rate you get on a mortgage or car loan. But did you know it could also affect your employment options? Building good credit takes work but it can be done.

Check out this video from BetterMoneyHabits.com on building credit and keeping your healthy. The video features five things you can do to build a healthy credit score as well as how to avoid some pitfalls that can hurt your score.

Want to learn more about credit? Check out these articles:

Things for Watch Out for When Looking at Your Credit Report

Everyone knows that credit scores are important. They determine what interest rates you’ll be charged on loans and credit cards, and for that reason a higher credit score could save you hundreds or even thousands of dollars in interest charges. But how do you really know what is going on “behind the scenes” with your credit score? READ MORE

The 5 Pillars of Credit: What Goes Into Your Credit Score

Being a savvy consumer, you know that having good credit is important for getting mortgages, car loans, credit cards, and other types of credit. But do you know how your credit score is calculated? Here are the five factors that go into calculating and changing your credit score. READ MORE

Credit Scores and Credit Reports – Why Does it Matter?

It is important to know the definitions of credit score and credit report.  A credit score is a numerical representation of an individual’s credit worthiness.  Your credit score can be different depending on how it is calculated and by whom, but one of the most popular scores is a FICO score.  Your credit report is a report of all your credit history, payment history, loans, credit cards, and other financial and personal information. READ MORE

6 Ways to Jump-start Your Credit Score

It's a common financial predicament for most 20-somethings: You need credit to get credit. But even if you're older and have been through some credit-wrecking havoc in your life, you could face the same issue.

"The only way to build a credit history is to use credit," explains Maxine Sweet, vice president of public education at the credit bureau Experian®. Check out these six easy steps to help get you started. READ MORE

Tip of the Day

  • Written by Guest Blogger | March 17, 2014

    Check out the #savings checklist tool containing 15 “savings accomplishments” to assess your savings effectiveness: https://bit.ly/2fdv5O2

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Savers Pledge Leads to Savings Success

Written by Super User | October 13, 2011

My name is Rob and I am a Staff Sergeant in the Marine Corps Reserve. My financial success is a huge result of the Military Saves Campaign.

My journey began five years ago after marrying my wife, Lisa. We entered our marriage with no savings plan in sight, carrying debt and living in a tiny apartment. After seeing an advertisement for Military Saves, we decided to grab the reigns of our finances and implement a positive financial plan.

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A Disciplined Approach to Saving

Written by Super User | November 26, 2010

I just recently retired after 30 years of service with the Marine Corps. I truly enjoyed my time serving the Corps and I flourished in the disciplined environment. I also took a disciplined approach to saving. Here are some of the tactics I used-they are very low to moderate risk.

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Naval Battalion's Effort Yields Team Success

Written by Super User | November 26, 2010

Construction Battalion Five, DETAIL CHINHAE would like to share our campaign success story with you!

Currently we have 23 members on our Det, (all of whom have registered with militarysaves) and out of them 16 are planning for retirement by saving and investing money in the Federal Thrift Savings Plan.

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