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Writer's pictureTamra T. Bush

Credit 101: Quick Tips to Boost Your Credit Score

Updated: Aug 24, 2022



Credit can seem complicated when you are unsure of how it works, but with the right knowledge and smart decision-making skills, there is no limit on what you can achieve. It is critical to remember that this billion-dollar industry represents both opportunities for advancement as well as pitfalls. The ability to get loans for things we want, need, or desire may seem like the most important aspect – but this credit rating also comes into play when you are applying for car insurance or trying to get a new job!


A good credit rating is crucial to your future success. Create the right accounts and then maintain them to boost your credit rating and future possibilities. So, how do you know which types of credit are good accounts to have and which are ones are to be avoided?

There are many different types of accounts that can be obtained and some are even offered with enticingly low-interest rates or high limits. The first step in determining accounts that are worth your time is to read the fine print and see whether the low-interest rate will balloon after a couple of months or whether the high limit will create a level of temptation you may not be able to avoid.


It’s also important to only work with banks that you know and trust. Try building a relationship with the local smaller bank in your area. Sometimes it’s good to have access to the bank president or VP. Smaller banks will compete for your business and give you a more personalized experience. Avoid bigger banks that will just treat you like a number.

Good accounts are ones that you know you can pay off in full before the due date where you purchase things that will actually benefit you. Some Starter accounts you can begin with are small or trustworthy companies like jewelry store accounts, store credit accounts, and cell phone company agreements. It’s the perfect next step for first-time borrowers or those who are recovering from bankruptcy and need a fresh start with credit building. Once you have been given the chance with a small account, it’s up to you to be responsible and make payments on time and in full each month to keep them in good standing and avoid going into debt or financial hardship.


The longer an account is in good standing on your credit, the higher it can push your credit rating and FICO score. Large lenders, like mortgage and auto loan companies, like to see that you have a few good, solid accounts that you have had for years and have never been paid late or defaulted on. This shows that you can not only make smart financial decisions but that you can also manage your personal budget over an extended period of time. This creates confidence that they are making a smart choice by investing in you.

Have you taken the time to learn about how credit works? This article has given you some valuable tips on how small and starter accounts can teach good habits like paying bills on time, saving money responsibly, and monitoring spending – things that serve as building blocks towards establishing (or reestablishing) your credit status over time. Navigating credit may seem a little intimidating at first but with a little help and some research, you can have a successful financial future. Aren’t you and your family’s future worth it?


Meet Tamra



Tamra T. Bush is a woman of God, wife, and mother who takes great pride in being an instrument of change for others. Her deep knowledge and over two decades of experience in the financial industry have made her an invaluable asset to families that want a better life. She's passionate about empowering families so they can have the economic foundation necessary to look towards their future with confidence and build a legacy. Tamra understands that this isn't just a matter of money, but also resources, strategy, communication, and support systems for when things get tough. That’s why she strives to make a difference on both sides by providing education while helping families communicate more openly with one another. Connect with Tamra on Instagram, Facebook, and Twitter.

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