Tips for upping your credit score game

According to the U.S. Bureau of Economic Analysis, the personal savings rate in the U.S. hovers below 4 percent, while household debt and credit card delinquency rates are both rising, especially among Gen Z, as reported by the Federal Reserve Bank of New York. In the game of life, saving should be just one part of your financial strategy but knowing the benefits of responsibly managing your credit is equally important. Whether you are gearing up to buy a home, get an education or start a business – understanding your FICO® Score is an important first step in laying the foundation for financial literacy. That’s why this summer, FICO, a leading software analytics company, teamed up with Chelsea Football Club and the U.S. Soccer Foundation to offer free financial education workshops for students and adults in the cities where Chelsea is playing on their summer tour. Workshop participants were also able to attend their local match for free. Here is a starter playbook of the 3 ways soccer and financial literacy are similar: Know Your FICO® Score. A credit score is a three-digit number that helps lenders, such as a mortgage company, auto lender, or credit card issuer, quickly (based...