This is a sponsored campaign in collaboration with Chase and Mom It Forward Influencer Network, but all opinions expressed are my very own. 

Having a good credit score in the U.S. is synonym of having a stress-free life because everything revolves around this point scale. So many things in life that you do or do not have depend on this particular score.
ENGLISH Chase Slate Credit Outlook Hispanic Infographic 7.13.17 FINAL
I have been fortunate enough to build a strong credit since I can ever recall because my Hispanic parents always talked to me about the importance of good credit and what it could do for you later in life. Therefore I attribute a lot of the things that I have accomplished to them. Nonetheless, I understand that we all do not face the same circumstances so I wanted to share some simple hacks that I have learned about building and keeping a good credit.
I recently learned through the Chase Slate 2017 Outlook Survey that Hispanic millennials are the most motivated to improve their credit scores and I can honestly say this is true for a lot of the people in my age group. We are constantly trying new things and learning in an effort to always better ourselves as a person and checking our credit score and staying on top of our credit is not the exception.
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I will never forget the time my parents sat down with me when I was young to talk about finances and while at the time it was all nonsense to me I later found out that everything they mentioned was true. So here are some life lessons you can put into practice immediately so that you can too do all the things you’ve always wished for such as buying your home, a car or even starting your own business. For all of the mentioned milestones you’ll need a good/excellent credit.
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Good Credit Life Hacks:
1. Open 2-3 credit cards, use them and pay them off. Only purchase items when you know you have the money to pay for them in cash or from your savings.
2. Ask someone to put you down as an authorized user and consider this the training wheels. Authorized users, who are added to an existing credit cardholder’s account, get credit for using that card, even though you’re not held responsible for making payments.
3. Ask for a credit limit increase to continue building your credit and if credit card companies see that you are making payments on time they will give you the increase.
4. Open a new account because you’ll be rewarded with better credit score when you are responsibly managing different types of credit.
5. Pay your debt on time and do not be late on your payments.
In summary the best way to increase your credit score is to make on-time payments, keep a pinch of debt, bring in some new accounts, and let the things flourish.
Remember that building and rebuilding credit takes some time, but do not be discouraged because you need good credit to buy a car, home, take a out a student loan or start a new business.
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You do not want to live with bad credit because it can seriously haunt you and I know of some close people who have dug themselves into a larger hole by simply not making educated decisions when they were younger and it’s taken them a long time to finally rebuild their credit. On the other hand when you have a low credit score you’ll need to be prepared to pay cash or pay a really high interest rate.
If it wasn’t for the excellent credit score that I’ve built over the years I would not have been able to purchase my two homes nor buy two brand new cars in my early adult life.
Hispanic Americans are optimistic about improving their credit score in 2017
 
According to the Chase Slate 2017 Outlook Survey, less than half of Hispanics (47%) are very satisfied with their credit score compared to 55% of Americans nationally who have checked their credit score, but 72% of Hispanics would like to improve their credit score and more than half (57%) have a plan to do so. They are more likely to be motivated to check their credit score out of specific financial concerns rather than because the information is provided as a free service.
 
• Hispanics are checking their credit score for tactical reasons.
• Hispanic Millennials are the most motivated to improve their credit scores.
• Putting credit improvement plans into action.
• Hispanic parents want their children to learn about credit.
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I enjoyed learning from the study that Hispanic parents aren’t just being more vigilant about their own credit, but they are also teaching their children about money management and raising a generation of millenials like myself that will have good/excellent credit scores.
 
There are so many resources nowadays to strategize plans into action in order to improve and have good credit. Don’t forget to visit Chase Slate to find out how you can check your credit and maintain it high. You can also follow Chase Slate on Facebook, Twitter and Instagram to continue revamping your credit score so that you get the most out of your money.

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