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% – Payment history (Always pay on time!)
🔹 30% – Credit utilization (Keep usage below 30% of your limit)
🔹 15% – Credit history length (The longer, the better)
🔹 10% – Credit mix (Having different types of credit helps)
🔹 10% – New credit inquiries (Too many applications can lower your score)
💡 Tips to boost your credit score:
✔️ Pay your bills on time – 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!