{"id":141555,"date":"2025-01-02T16:00:15","date_gmt":"2025-01-02T16:00:15","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2025\/01\/02\/how-to-improve-your-credit-score-this-year-the-points-guy\/"},"modified":"2025-01-02T16:00:15","modified_gmt":"2025-01-02T16:00:15","slug":"how-to-improve-your-credit-score-this-year-the-points-guy","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2025\/01\/02\/how-to-improve-your-credit-score-this-year-the-points-guy\/","title":{"rendered":"How to improve your credit score this year – The Points Guy"},"content":{"rendered":"


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When it comes to your financial persona, there are few metrics more important than your credit score. This number can influence not only your ability to get approved for top travel credit cards<\/a> but also the interest rate you pay on a mortgage, your ability to obtain an auto loan and a host of other aspects of your life.<\/p>\n

If you’ve made a New Year’s resolution to improve your credit score in 2025, here are some strategies to successfully do just that.<\/p>\n

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Understand credit score basics<\/h2>\n

Before getting into these tips, let’s start with a quick overview of just what constitutes your credit score<\/a>. Right off the bat, it’s important to note that there are two main credit scoring models: VantageScore and FICO<\/a>.<\/p>\n

While there are a few minor differences between the two, they both attempt to numerically measure the same thing: your trustworthiness as a borrower.<\/p>\n

A lower score indicates a higher risk of defaulting on a loan, thus lowering the amount of money or credit a financial institution is willing to lend you (or lowering the chances of you being approved for a loan at all).<\/p>\n

A higher score, on the other hand, indicates that you’re less likely to default and thus able to handle larger loan amounts and smaller fees.<\/p>\n

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