Lunari Financial Literacy - Mindful Spending, Building Credit, and Insurance.
Lunari Financial Literacy PLUS Rental Kharma
Discover the Power of a Good Credit Score
Top areas of focus - credit score
Payment History-35% of FICO score
Credit Utilizatin-30% of FICO score
Credit Utilizatin-30% of FICO score
• Pay all bills on time, including credit cards, loans, and even rent with Rental Kharma.
• Set up auto-pay or reminders to avoid missed payments.
• If late payments exist, catch up ASAP to minimize damage.
Credit Utilizatin-30% of FICO score
Credit Utilizatin-30% of FICO score
Credit Utilizatin-30% of FICO score
• Keep credit card balances below 30% of your credit limit.
• Pay off high-interest debt to free up credit usage.
• Request credit limit increases to lower utilization without spending more.
History Length-15% of FICO score
Credit Utilizatin-30% of FICO score
Credit Inquires-10% of FICO score
• Keep old accounts open to maintain a long credit history.
• Avoid closing your oldest credit cards, even if you don’t use them.
• Become an authorized user on a responsible person's credit card.
Credit Inquires-10% of FICO score
Credit Inquires-10% of FICO score
Credit Inquires-10% of FICO score
• Avoid too many hard inquiries in a short time.
• Only apply for new credit if necessary (each application temporarily lowers your score).
• Use prequalification tools to check eligibility before applying for new credit.
Credit Mix-10% of FICO score
Credit Inquires-10% of FICO score
Credit Action Plan-100% priceless
• Have a mix of credit types (credit cards, loans, retail accounts, etc.).
• Diversifying credit can show lenders responsible credit management.
Credit Action Plan-100% priceless
Credit Inquires-10% of FICO score
Credit Action Plan-100% priceless
If you have any questions about our program, we would love to hear from you. We look forward to hearing from you!