7 Steps for better credit score

Make sure to pay all your bills, including credit card payments, loans, and utilities, on time by following a strict budget.

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Aim to keep your credit utilisation below 30% to demonstrate responsible credit management.

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Opening multiple new credit accounts within a short period can potentially lower your score temporarily.

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Check your credit report from each of the major credit bureaus at least once a year

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Have a mix of different types of credit accounts, such as credit cards, instalment loans, mortgages

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Keeping older accounts open and in good standing can positively impact your credit score by showcasing a longer credit history

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Responsible credit usage by making timely payments helps improve credit worthiness.

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Want to learn more on how to improve your financial literacy?

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