Your credit score affects loan rates, insurance premiums, and even job opportunities. Improving it should be a priority for every American.
What is a Credit Score?
A credit score is a three-digit number (300-850) that represents your creditworthiness. It's based on payment history, credit utilization, length of credit history, credit mix, and new credit inquiries.
Score Ranges:
- • 300-579: Poor
- • 580-669: Fair
- • 670-739: Good
- • 740-799: Very Good
- • 800-850: Excellent
How to Improve Your Score
Pay bills on time (35% of score). Keep credit card balances low (30%). Don't close old accounts (15%). Limit new credit applications (10%). Monitor your credit report for errors (10%).