Offset rising debt costs by improving your credit score. An improvement of 100 points could save you hundreds of dollars each month.
With rising interest rates, having a good credit score is crucial to keeping costs down since it can save you hundreds of dollars in monthly debt expenses.
For consumers, that has resulted in rising interest rates for credit card debt, personal loans, mortgages and auto financing. While there's not much you can do about the Fed raising interest rates, you do have some control over improving your credit score., make sure you make debt payments on time and have a wide variety of credit, while using the credit you have only sparingly. It takes some work, but it can really pay off.Depending on your outstanding debt, improving your credit score by 100 points can save you hundreds of dollars. Here's how it breaks down.Say your credit score is 630.
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