7 Ways to Get Smart About Credit

Busey is a sponsor of the Mahomet Daily. The following information is provided as part of that agreement.

From paying for college and financing a home to buying gifts for the holidays—every financial goal shapes your credit. However, a survey by the American Bankers Association (ABA) reveals that over 56 percent of U.S. adults do not know their credit score.

Busey is partnering with the ABA for Get Smart About Credit Day on October 20th to educate consumers about how credit can impact their financial future.

Here are seven ways you can get smart about credit:


  • Understand what you are getting yourself into. Read the fine print on the credit application and be knowledgeable about late fees, interest rates, and when payments are due.
  • Make timely payments. No matter your balance, it’s always in your best interest to pay at least the minimum every month.
  • Find the right card for you. There are several credit card choices, but only a few may be able to meet your financial needs.
  • Get a credit card only if you’re prepared. Don’t be persuaded to sign up for a credit card if you don’t need one or can’t handle the responsibility.
  • Recognize the signs of credit trouble. If you make only the minimum payment on credit cards, this is an early sign of credit trouble.
  • Keep private information private. Don’t share your credit card number or your social security number, especially if you didn’t initiate the transaction. Ensure you use trusted sites while shopping online, and use a temporary virtual card number if you want to add another layer of safety to your purchases.


Busey is here to help you preserve and protect your credit with years of experience, tools and helpful advice. Visit Busey at 312 E. Main St. in Mahomet or call 1.800.67 | Busey today for a credit consultation.

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I may do it all, but I have not done it all.

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