Takeaway: Improving a client’s credit rating

We’re committed to making your practice better, so all this month, we’re delivering you a daily takeaway.

Today’s takeaway is…

Improving a client’s credit rating

YourWealthPuzzle.com compiled this nifty step-by-step guide for improving one’s credit rating. With debt reduction top of mind for many clients, it’s a handy item to be able to send (both to those with whom you’ve been discussing debt issues, and to the ones you feel need a subtle hint). A good starting point? Keep spending at 10% of the available limit.

Want more? Check out: Credit Report 101

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.