IMPROVING YOUR CREDIT SCORE with Ron Fraraccio - Ep.1

Your credit score—a three-digit number lenders use to help them decide how likely it is they'll be repaid on time if they grant you a credit card or loan—is an important factor in your financial life. The higher your scores, the more likely you are to qualify for loans and credit cards at the most favorable terms, which will save you money.

If your credit history is not where you want it to be, you're not alone. Ron Fraraccio, branch manager of Farmers National Bank in Alliance, Ohio, shares methods of improving your credit scores and getting back on track.