If you’re constantly being turned down when you try to borrow money…or you qualify but your interest rate is ridiculous…most likely your credit score is the culprit.  The higher your score… the better your chances are getting a loan and having better interest and terms. Here’s a couple of tips on how to improve your credit score fast:

Check for errors on your credit report:  About 25 percent of people have some error on their credit report, which can have a negative effect on their score.

Start paying on time:  Payment history makes up 35 percent of your score.

Keep balances low:  How much you owe makes up 30 percent of your FICO score. The less you owe in comparison to what you could borrow, the higher your score.

Be cautious about new credit:  Your credit score drops a bit when you open a new credit card or other account, be mindful about the frequency.

Mandy’s Fabulously Frugal Fact of the Day is brought to you by…

Old World Deli is Bellingham’s authentic delicatessen in the European fashion! You can dine-in, shop the market, and order wine, meat, cheese, and groceries for pick up or delivery!  Order online or visit them at 1228 N. State Street in Bellingham!  Check out their daily specials on Facebook to save money on your lunch or dinner.