Post Content

Whether it’s a car loan or a home mortgage, having better credit makes it easier – and less costly – to borrow money from lenders.

There are a number of ways to improve your credit report. Here are a few of the steps you can take to not just have better credit, but also better manage your finances:

  • Track your expenses for one month to see where your money is going, and create flexible budget.

  • Review your credit reports. Make sure negative items are removed if they are inaccurate or incomplete. You can get a free credit report from three credit reporting agencies.

  • Stop using credit cards. Keep low balances on credit cards.

  • Join a credit union, which typically is more likely to give you a loan than a regular bank.

  • Avoid bankruptcy, which should be seen as a last resort.

For more information on building your credit, read this Consumer Advisory.

Written By:


Jayda Leder-Luis is the Communications Coordinator at the Office of Consumer Affairs & Business Regulation.

Recent Posts

IRS Scam Alert: Don’t Be Tricked into Paying Debts You Don’t Really Owe posted on Oct 3

IRS Scam Alert: Don’t Be Tricked into Paying Debts You Don’t Really Owe

Recently, the Hotline received three calls about this scam in just one week, so it is important for consumers to know how it works and how to avoid being scammed.

Massachusetts Health Insurers Now Required to Provide Prices in Real-Time posted on Oct 1

Starting October 1, health insurance companies in Massachusetts must provide online cost estimator tools for their members to compare the price and out-of-pocket costs of certain healthcare services, procedures, or hospital admissions.

Can’t pay your phone bill? Stay connected with telephone assistance posted on Sep 10

Staying connected to local resources and emergency services can improve and possibly save many lives, say state regulators. Access to local emergency services and community resources is vital to our low-income and elderly residents. The Massachusetts Department of Telecommunications and Cable (DTC) wants residents to   …Continue Reading Can’t pay your phone bill? Stay connected with telephone assistance