IMPROVE YOUR CREDIT
Did you know
Every time you apply for a credit card, mortgage, car loan, or insurance, your application is judged in part by your credit score. Lenders use your credit score to determine whether to grant credit, and at what cost. The higher the score, the more likely you are perceived to repay the credit. Consumers with scores in the 600s and lower usually are seen as higher risk and may pay a higher interest rate or are denied credit.
Fortunately, you can take steps to boost your credit score. These tips can maximize your score and influence your credit-worthiness.
How Your Credit Score
Your credit score is calculated using five major components, with varying levels of importance. These categories, with their relative weights, are: