By Lauren Schwahn of Nerdwallet|AP,
Youve got big financial plans for 2023. Maybe they include buying a home or car, or getting a new travel rewards credit card to help pay for your next trip. Theres a key piece of these plans you may not have considered: building your credit score.
A better credit score can expand your access to credit and make borrowing more affordable. For example, having a score of 700 versus 650 could mean getting approved for a new car loan at 4.9% interest instead of 7.25% interest.
So what can you do to get your score in shape? Here are a few ways experts suggest boosting credit in the new year.
1. PAY OFF HOLIDAY DEBT
When holiday festivities conclude, you might be stuck with leftover debt from food, travel an…
Read the full article at: https://www.washingtonpost.com/business/millennial-money-5-ways-to-build-your-credit-score-in-2023/2022/12/27/238600bc-85de-11ed-b5ac-411280b122ef_print.html