How Is Your FICO Score Made
1. Payment history of 35%
2. Credit utilization (35%)
3. 15% length of a credit score
4. Credit mix of 10%
5. New credit of 10%
Use Credit Responisbly
1. Make payments every single month — this is the #1 factor in your credit score.
2. Keep your credit utilization low — ideally use less than 30% of your credit limit (10% is even better).
3. Avoid unnecessary hard inquiries — only apply for new credit when needed.
What To Avoid
1. Missing payments
2. Carrying a balance you can’t pay off
3. Applying for lots of credit at once
4.Co-signing loans unless you're 100% sure