Below, eight members of Forbes Finance Council offer their insights into the most frequently overlooked factors that can impact your credit score leading up to and during retirement. Don’t just assume that your credit score is correct or says what it should say. Keeping credit lines active with expenses and payments ensures a strong credit history. As an example, if you have a credit card with a $10,000 limit, find out what day of the month that credit card reports your payment history to the credit bureaus. Many retirees don’t realize they can use credit lines, home equity lines of credit and other sources of credit as investment capital.

Source: Forbes June 08, 2020 12:11 UTC