SeaComm Federal Credit Union OFFICIAL BLOG

Credit Score 101: How to Improve and Maintain Your Score


Fixing bad credit may take time, but it’s achievable. Here are 3 simple ways you can work to improve your credit score, today!




Lower your utilization ratio. For example, if you have a credit card with a $5,000 limit and you’re carrying a balance of $1,500…you’re utilizing 30 percent of your limit. Experts suggest carrying 30 percent or less. It’s important to keep your balances low – especially with revolving credit. If your credit report shows that you’re consistently paying on your debt and maintaining a low balance on credit cards, you’re in good shape!


Don’t just pay the minimum. You should always aim to pay more than the minimum requirement each month, as this is the quickest and most efficient way to pay off your outstanding debt. Paying only the minimum not only keeps you in debt longer, but it costs you money in interest and could hurt your credit score.


Be diligent about paying on time. Things happen and people end up making late payments every now and then…but if it’s a recurring issue, you might want to consider a financial game plan before it begins to affect your credit score. A great tip to ensure you never miss your due dates is to set up automatic payments! When your direct deposit hits your account, any necessary payments will be withdrawn and automatically transferred to your loans. Click here to learn more or give us a call at (800) 764-0566 to speak with a SeaComm representative, today!

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