Debt and credit

Key resource

Behind on bills? Use this resource to
Take control one step at a time »

Improve your credit

There's no secret formula for building strong credit, but healthy habits can improve your credit score and keep it in good standing. The habits you build might be different depending on whether you're building credit or trying to improve your existing credit history. These habits won't affect your credit scores right away. It takes time, so keep working on them.

Resource collection

• Credit reports and scores
• Getting and keeping a good credit history (PDF)

Credit counseling

If you need help managing your debt and credit, talk to a financial counselor. A counselor can help you:

• Look at your current financial situation
• Explore your options for making it better
• Develop a budget and action plan to reach your goals
• Put your payments together — maybe even with a lower interest rate — which can help you pay off your debt faster

When you're looking for a credit counseling service:

• Choose an agency that offers free face-to-face counseling sessions. The counselor can help you discuss your spending habits, set a budget and handle your personal finances. Signing up for consumer credit services or a debt reduction plan over the phone or online puts you at risk of losing money to a fraudulent organization.
• Check to see if they're connected with a major credit counseling association. Examples include the National Foundation for Credit Counseling and the Association of Independent Consumer Credit Counseling Agencies. 
• Verify standing with the Minnesota Department of Commerce. Check whether a credit counseling service is registered or a debt management company is licensed.