Strong credit doesn’t happen overnight—it’s built through consistent, responsible financial behavior. During Week 2 of National Credit Education Month, we’re focusing on the habits that help consumers and businesses establish and maintain healthy credit profiles.

Key Habits for Consumers

  1. Pay on Time, Every Time
    Payment history is one of the most significant factors in credit scoring.
  2. Keep Credit Utilization Low
    Aim to use less than 30% of your available credit.
  3. Monitor Your Credit Regularly
    Checking your report helps identify errors or potential fraud early.
  4. Borrow Only What You Can Repay
    Responsible borrowing prevents long-term financial strain.

Smart Credit Management for Businesses

For businesses, credit health can determine access to capital, supplier terms, and expansion opportunities. Consider:

  • Establishing a business credit profile.  Sources for business credit reporting include Dun & Bradstreet (D&B), Experian Business, and Equifax Business.
  • Separating personal and business finances
  • Paying vendors and lenders promptly
  • Reviewing business credit reports regularly

Organizations like the SCORE offer free mentoring and educational workshops to help entrepreneurs strengthen financial management practices. SCORE (formerly the Service Corps of Retired Executives) is a U.S.-based nonprofit organization dedicated to helping small businesses start, grow, and succeed. For business owners working to build strong credit, improve cash flow, or prepare for financing, SCORE can be a valuable and accessible resource.

The Long-Term Benefits of Strong Credit

Strong credit can mean:

  • Lower interest rates
  • Better loan terms
  • Greater financial flexibility
  • Improved negotiation power

This week, focus on building habits that will serve you well for years to come. Credit health is a marathon, not a sprint.

Find more financial literacy resources at https://rmaintl.org/consumers/