Your credit score affects your ability to get loans, mortgages, and even job opportunities. A good credit score can save you thousands in interest over a lifetime.
What makes up your credit score?
35% โ Payment history (Always pay on time!)
30% โ Credit utilization (Keep usage below 30% of your limit)
15% โ Credit history length (The longer, the better)
10% โ Credit mix (Having different types of credit helps)
10% โ New credit inquiries (Too many applications can lower your score)
Tips to boost your credit score:
Pay your bills on time โ even one late payment can hurt.
Keep your credit card balances low.
Avoid opening too many new accounts at once.
Regularly check your credit report for errors.
A strong credit score unlocks better financial opportunities. Start improving yours today!