Having good credit is just as important in retirement as it is in other stages of life, and this article discusses ways that retirees can improve their credit scores. One of the most important factors determining a person’s overall credit score is their ability to pay their bills on time. People should study their credit reports and strive to keep their finances organized and to make sure to make necessary payments. It is also a good idea to try to pay of many of the smaller debts. This article also discusses ways people can ask for more credit without using it. People should also hang onto at least one credit card account that they had for years. These are some of the techniques that senior citizens can use to improve their credit scores while they are in retirement.
See Maurie Backman, 5 Ways to Boost Your Credit Score In Retirement, The Motley Fool, May 13, 2016.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.
