Here are four proven strategies to maintain a great credit score.

Today I'll delve into the importance of credit scores, exploring actionable tips to both maintain and enhance your score.

1. Ensure regular checks on your credit reports. Visit annualcreditreport.com to access weekly reports from the major credit bureaus. While you won't see your actual score, monitoring these reports allows you to spot discrepancies and dispute inaccuracies.

2. Keep credit balances low. Aim for below 30% of your available limit. This demonstrates responsible credit usage and positively influences your credit score.

3. Minimize new credit applications. Each application results in a hard inquiry, causing a slight reduction in your credit score. Cumulatively, these inquiries can significantly impact your score. Maintaining a higher score increases your eligibility for favorable lending terms.

4. Maintain open older credit accounts, even with zero balances. Retaining these accounts contributes positively to your credit history's length, consequently improving your credit score over time.

For those considering property transactions this year, whether buying or selling, I'm available to discuss how these decisions may affect you and your family. Feel free to call or email me. I wish you a safe and prosperous new year and I hope to hear from you soon.