Tips to improve your credit score

Credit is a serious issue for everyone because it affects nearly every part of our lives.

Your credit score affects credit card and loan approvals, car and home insurance, interest rates, the amount of rental and utility deposits, and it could even affect your job hunt. Unless you have loads of cash, you need a credit history. Even millennials, who are trending away from the use of credit cards, will eventually need credit to buy a home or car.

Experts say car purchasers with a low credit score can pay up to $5,000 more than those with an excellent score.

WRAL’s 5 On Your Side has some ways to improve your credit score:

–Check your credit report. Make sure errors, like with your name or previous addresses, aren’t bringing down your score. You can get a free copy of your report each year from three major credit companies, Experian, Equifax and TransUnion. It’s a good idea to stagger them by pulling one every four months.