Money Management For Kids: 3 Tips To Build Your Credit Score

Danielle from First Interstate Bank explains credit scores, a three-digit number indicating creditworthiness. A higher score offers more financial options. To build your score, consult a banker and follow three steps: pay bills on time, use only 30% of available credit, and maintain a long credit history. A high score benefits not just loans and credit cards but also employment and rental opportunities. The video emphasizes the significant impact of credit scores on financial life.

What is a credit score and why is it important?

What are the three action steps mentioned to build your credit score?

How does paying bills on time affect your credit score?

What is the recommended percentage of available credit you should use?

Why is it beneficial to have a longer credit history?