How To Keep Your Credit Score High in Retirement

Don’t let a bad credit score get in the way of a comfortable retirement. Here are a few ways to keep a good credit score when you retire or improve a credit score that could use a boost.

  • Keep those long-held credit card accounts, even if you rarely use them. Using credit cards regularly (but not excessively!) helps establish or improve your credit score.
  • Purchase some items on credit even if you have the savings to pay them off right away. This is an excellent method to improve a lower score. Make your payments on time and avoid fees to keep your bill low.
  • Check your credit score on a regular basis. You can get one free copy every 12 months from each of the big three companies (Equifax, Experian, and TransUnion). This not only helps you track whether your efforts are working, it also gives you a better chance to spot potential red flags like identity theft. Visit www.annualcreditreport.com to get yours.


Beware of what the FTC calls “imposter” websites claiming to offer free credit reports. Get more information here:
https://www.consumer.ftc.gov/articles/0155-free-credit-reports