F.I.C.O. LOOKS AT 5 THINGS: PAYMENT HISTORY, AMOUNTS OWED, LENGTH OF CREDIT HISTORY, NEW CREDIT, AND TYPES OF CREDIT USED

THIS ACCOUNTS FOR 35% OF YOUR SCORE—PAYING YOUR BILLS ON TIME IS THE QUICKEST WAY TO IMPROVE YOUR SCORE.

ACCOUNTS FOR 30% of your score – Reducing the amount you owe will VASTLY BETTER your credit score.

MAKES UP 15% of your score; HAVING A LONGER history of open credit IS MORE BENEFICIAL—dON’T close your oldest credit card!

THIS IS 10% of your score –YOUR SCORE WILL MOST LIKELY DECREASE EACH TIME YOU GET A NEW CARD OR LOAN

10% of your score – DIVERSIFY YOUR CREDIT TYPES TO IMPROVE YOUR SCORE! (INCLUDES credit cards, installment loans and long-term loans)