With the new year in full swing, having a good financial plan in store is more important than ever! Coast to Coast TV is joined by Jenelle Dito, Senior Director at FICO, who shares some important tips and tricks for making New Year’s financial resolutions.
One thing that Dito stresses the importance of is knowing and understanding your FICO score. You may wonder, why is this even important? Well, knowing and understanding your FICO score can help you create your budget for the new year and stay on track with your financial goals!
Do not fret if your FICO score isn’t perfect! Dito shares that there are ways you can work to improve it. By simply knowing your credit score and understanding it, you can analyze your spending habits and start making changes to improve your score.
What are the most critical parts of improving your FICO score? Paying your bills on time and not taking out too many lines of credit, notes Dito.
If your wallet’s hurting after the holiday season, there are certainly some ways in which you can help it recover! Ensuring that you’re paying your bills on time, setting a budget, and sticking to it can help both you and your wallet recover after the holiday season.
For more information, check out myfico.com or or check it out on our YouTube: