This post is sponsored by Lexington Law, thank you for supporting brands who support T20S. As always, all thoughts, opinions, experience, and advice are my own.
Going into my twenties, I had little to nothing to my name. I moved out to San Francisco with exactly two suitcases, a near-empty bank account and not a clue how to do this whole ‘adulting’ thing.
Over the next 7 years of living in SF, I became obsessed with taking control of my own life. I started to own my finances, my career and my happiness. I found being in control and setting yourself up for the future…exhilarating. Nothing feels better than leaving the house, strutting down the street and thinking “I got this.”
One of those things I became into owning was my credit score. Maybe it’s because at one point I lived with roommates whose finances were a mess and I saw what could be, I started getting really excited about how I could raise my credit score.
Even though I’m not there yet, I hope to one day own a house, and maybe even a car! When that day happens, I’m sure I’ll have to take out a loan and for that – I’ll need a great credit score. Think of it this way: your credit score is a determinant for others who are evaluating your finances to see how likely you are to pay them back.
Crazy enough, my journey to take control and own my life actually worked. I can’t wait to share with you how I got there.
Here are the five things I did my twenties to get an 800+ credit score.
Read this next: 5 Things You Need To Know About Your Credit Score In Your 20s
5 Things I Did In My Twenties To Get An 800 Credit Score
I Paid My Bills On Time
I’ll be honest, sometimes my brain is a little all over the place. Between having a blog, friends, boyfriend, and a full-time job – I can easily be forgetful. Knowing that paying bills on time is so important to my credit score, I set reminders on my calendar (and autopay on a lot of cards) to ensure I would always pay my bills on time.
Late payments will take points off your credit score which is why you always want to be careful here.
Depending on your financial situation (and if you are continually checking your spending), I have personally really enjoyed having my bills on autopay. It’s no stress! If you choose this route, make sure you are checking your bills often enough to make sure you were never hacked.
I Used My Credit Cards
In terms of credit cards, they can be your best friend or your worst enemy when it comes to a credit score. As mentioned in #1, I have always had credit cards and I set them up to always pay on time. That helped me so much to get to my 800+ credit score.
The second thing I did was actually spend on my credit cards. I hear friends all the time say that they are only using their debit card for spending, which makes me cringe. Making sure you are spending on your credit cards (and of course paying on time), as it is so important to your credit score.
I Continually Checked My Credit Score
In my twenties, when I first started on my financial literacy journey, I had no idea what factors went into a credit score. Checking my credit score helped me understand which cards were contributing. I also was easily able to see the history of those cards, and more gave me some context on what used to feel like an arbitrary number.
If you want to check your credit score, there are tons of great online sites that will show you your credit score, and what’s contributing to your score. Just make sure you are only doing a “hard” credit pull once in a while, this will also take points off your score!
If you find yourself in a situation of a low credit score, think about a credit repair service to work with you on improving your credit. Lexington Law actually does this for clients, which is something I love about the firm.
I Showed Consistency
One of the most important factors in your credit score is the length of credit lines. You might be starting to gather that all the factors I’m mentioning in this post worth together, having credit cards, paying consistently and more.
In my twenties, as my spending increased, I did open new cards, paid all of them consistently, and actually spent on all of them!
I Never Spent More Money Than I Had
I’m a firm believer in not spending more than what you have and living within your means. Obviously, if you are purchasing a house or something – that’s a different store. In my twenties, I was careful not to go into credit card debt. I always monitored my spending enough, kept a budget, and more to make sure I wasn’t overspending.
I can’t wait to see you work towards a higher credit score and have control of your life; take it from me, it feels so good. If you are finding yourself needing help with your credit score, try Lexington Law. I’ve been really impressed with their services so far, and I know you will be too!