Here's why Tax Season is the best time to start rebuilding your credit

Rebuilding your credit can be a long, difficult process, but there is good news! With one very important move and these 3 healthy financial habits, you'll be able to significantly improve your credit score this year.
So why tax season? For a limited time you can invest your tax refund, or other money, in a Pinnacle Bank Certificate of DepositThen start rebuilding your credit by using your new CD to secure a loan.
Your repayments with the Pinnacle Bank CD secured loan will appear on your credit report as an installment loan, which should help positively impact your credit, as long as you make your payments on time. Having an installment loan will also show diversity in your account types and help your credit score.
Additionally, you can do the following three important things to help rebuild your credit:
Check your credit report – credit score repair begins with your credit report, and by checking your credit report, it will allow you to see exactly where you need to improve (plus, it will help you catch any fraud). You are allowed a free copy of your credit report annually. Visit to receive a copy of your credit report from all three reporting agencies. Review carefully to make sure there are no errors, such as late payments incorrectly listed, and the amounts owed for each of your open accounts are correct. If you find errors on any of the three reports, be sure to dispute them with the credit bureau.
Set up payment reminders – making on-time payments is the biggest factor in establishing good credit. Pinnacle Bank offers email or text-based reminders through their free online banking. You can also set up your bills to be paid automatically through their free, electronic bill pay for consumers. Paying bills on time has never been easier!
Practice good financial habits – much like losing weight, improving your credit takes commitment. It can take 60 to 90 days, or longer, for you to start seeing your credit score improve. In some cases, depending on how bad your situation is, it can take years. It is important to develop good financial habits, such as setting up and living within a workable budget and setting aside money in a savings account for an emergency fund.
One of Pinnacle Bank’s main goals is to help ensure their customers’ financial health, and they know there are times when financial challenges arise. Stop by their convenient location at 815 Madison St, right off the Douglas Highway, or give them a call at 307-682-0089 to find out how they can help you regain financial stability, easily and affordably.