During tax season, conversations about how to use that always-anticipated tax return pop up all over the internet. Many who get a refund use it on vacations and other big ticket items. And while this isn’t always a bad idea, it may not be the wisest choice you can make for your tax refund.
One option is to use your refund with an eye toward increasing your credit score. A good score can save thousands of dollars in interest on a new mortgage or enable a homeowner to refinance to a lower rate.
