3 steps to boost your credit score in this season.

Christmas season

The Christmas season is a special time of the year that is typically celebrated by Christians around the world. It is a time of joy and celebration, as well as a time for reflection and giving thanks. The Christmas season is traditionally observed from December 25th, which is the day that Christians celebrate the birth of Jesus Christ, until January 6th, which is known as the Feast of the Epiphany. During this time, many people decorate their homes and workplaces with Christmas trees, lights, and other decorations, and participate in special activities such as gift giving, caroling, and church services.

The Christmas season is a time of joy and celebration, but it can also be a time of financial strain. If you’re not careful, the holiday season can wreak havoc on your credit score. But don’t worry, there are some simple steps you can take to boost your credit score and avoid the holiday debt trap.

Create a budget and stick to it.

Before you start your holiday shopping, take some time to create a budget. Determine how much money you have to spend on gifts, decorations, and other holiday expenses. Stick to your budget and avoid overspending.

Creating a budget is an important step in managing your finances and ensuring that you are able to spend and save money in a way that is sustainable and aligns with your financial goals. To create a budget, start by gathering all of your financial information, including your income, expenses, and savings. Then, carefully review this information and identify areas where you may be able to cut back on spending or increase your income.

Next, create a plan for how you will allocate your money each month. This may involve setting aside a certain amount for savings, paying off debt, or covering essential expenses such as housing, food, and transportation. Be sure to include some flexibility in your budget to account for unexpected expenses or changes in your financial situation.

Once you have created your budget, it is important to stick to it. This may require some discipline and commitment, but it will help you to avoid overspending and stay on track with your financial goals. To help you stay on track, consider setting up automatic transfers or reminders to help you stay on top of your budget.

Pay your bills on time.

Paying your bills on time is important for several reasons. First and foremost, it is a matter of financial responsibility. When you pay your bills on time, you avoid late fees and other penalties, which can add up quickly and put a strain on your budget. Additionally, paying your bills on time can help you maintain a good credit score, which is important for accessing credit and loans at favorable rates in the future. Finally, paying your bills on time can help you build and maintain strong relationships with your creditors, landlords, and other service providers.

Late payments can have a major impact on your credit score. Make sure to pay all of your bills on time during the holiday season, including your credit card bills.

Use credit wisely.

Using credit wisely means being responsible with your credit and not overspending or taking on more debt than you can afford to pay back. It also means being smart about how you use your credit, such as using it to make purchases that will help you save money in the long run or to build a good credit score.

Credit can be a valuable tool, but it’s important to use it wisely. Avoid overspending and racking up debt during the holiday season. Instead, use credit responsibly to help boost your credit score.

In addition, be patient. Building and improving your credit score takes time. Don’t expect to see major improvements overnight. Be patient and focus on using credit responsibly over the long term to help boost your credit score.

In conclusion, the holiday season can be a challenging time for your credit score. But with some careful planning and smart financial decisions, you can avoid the holiday debt trap and boost your credit score. By creating a budget, using cash or a debit card instead of credit, paying your bills on time,

What next with Lendigo?

  1. Bring your calculator and put your business projections to paper.
  2. Confirm how much credit your business can access with the Lendigo App.


  1. Speak to your Lendigo portfolio manager to help you pick the best loan options for your unique business type.