I‘ve been lucky to have a solid credit score for quite some time now (around 750 last time I checked). I know that once I graduated college, I was on the verge of letting my credit score slip really fast. Luckily, I prevented a financial meltdown by taking control of my radical spending and my credit score has improved ever since. I know, however, that many are not in that same boat and struggle to get the credit score they want.
If you want to fix your credit score, you need to know what your current score is. Most creditors rely on the three-digit FICO credit score, which range between 300 and 850, when determining your level of risk as a borrower. The higher your score, the lower the risk is for the lender and the better your interest rate will be. On the other hand, low credit scores result in getting denied for credit, or getting credit at extremely high interest rates. Contact a credit reporting agency to obtain your FICO score to see where you stand. You can get a free credit report, but to get the actual credit score you will have to pay (usually around $25).
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