A good credit score saves you thousands in interest. Learn how to improve and maintain your credit score.
What Affects Your Credit Score?
- Payment History (35%): Pay on time, every time
- Credit Utilization (30%): Keep below 30% of limit
- Credit Age (15%): Longer is better
- Credit Mix (10%): Different types of credit
- New Credit (10%): Don't open too many accounts
How to Improve Your Score
- Pay all bills on time
- Keep credit card balances low
- Don't close old accounts
- Dispute errors on your report
- Become an authorized user
- Use credit responsibly
What is a Good Score?
Excellent: 800+
Very Good: 740-799
Good: 670-739
Fair: 580-669
Poor: Below 580
Quick Tips
Check your report regularly for errors. Set up autopay to never miss a payment. Keep utilization under 30%.