When you take a loan from MPOWER, you invest in your education and gain financial independence! You can improve your credit score by following these simple steps:
1. Make Timely Payments: Always make your loan payments on or before the due date. Timely payments are crucial for boosting your credit score, as your payment history significantly impacts your credit rating.
2. Utilize Auto-Pay: Enroll in MPOWER’s auto-pay service to ensure you never miss a payment. Auto-pay can help you avoid late payments and the associated negative impact on your credit score. Learn how to set up automatic payments on your account here!
3. Maintain Long-Term Consistency: Consistent and responsible financial behavior improves your credit score. Continuously making timely payments on your MPOWER loan will build a positive credit history.
Check out this video for more information!