National Credit Education Month

By Alexandra Scicchitano 

March is an important month for credit companies and any adult who spends money and works. Why? Tax season is already underway and it’s National Credit Education Month! 

Now is a great time to educate yourself on ways to achieve and maintain good credit. Credit score tells a story about you and how financially trustworthy you are. Credit score affects a lot of things like when -- and if -- you can take out loans and the interest rates attached to those loans.

FACT FROM FICTION

There are a lot of false preconceived notions and thoughts on building and maintaining credit. For example, 29% of people think closing a credit card is good for your credit score. (Spoiler alert: It isn’t.) [Source: Credit Karma] 

79% believe that credit scores are listed on copies of their credit report when they are not, according to Credit Card Insider.’

FACT: Even if you have poor credit right now, you can achieve good credit by actively making choices to help yourself and your future. There is no better time than now to start learning, understanding & taking action to get yourself the best credit score to help you achieve overall good financial health. Taking action can be in the form of making sure you pay your bills on time and keeping track of necessary versus unnecessary spending to make sure you have enough money for those bills. Missing payments has a huge impact on your credit score, which will hurt you in the future.“Understanding the different components of credit scores now enables you to fix habits that may have damaged your credit in the first place.” 

As Lynette Stevenson, founder of D.A.L.S. always says, “Credit is knowledge and power.”  Now is the time to claim it. Let D.A.L.S. help you achieve your credit goals today.