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Mar 03, 2025 3:17 am
Can you tell me the top things that affect my credit score
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Mar 03, 2025 3:19 am
Your credit score is impacted by
- Payment history (35%) – Making on-time payments boosts your score, while late or missed payments hurt it.
- Credit utilization (30%) – Using too much of your available credit can lower your score; keeping usage below 30% is ideal.
- Length of credit history (15%) – A longer credit history generally improves your score.
- Credit mix (10%) – Having different types of credit (credit cards, loans, mortgages) can help.
- New credit inquiries (10%) – Applying for too much new credit in a short time can negatively impact your score.
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