What is a Good Credit Score?

If you are trying to improve your credit score, it’s essential to know what a good credit score is and the steps to getting one.

Credit scores help lenders determine, at a fundamental level, whether or not to give a loan to an individual.

The Role Of Credit Scores In Life

What is a Good Credit Score

As you optimize your finances and grow your net worth, it’s helpful to shoot for a credit score as close to 850 as possible.

If you find yourself missing payments or in credit card debt due to keeping up with jones, it’s time to evaluate your spending.

What Affects Your Credit Score

The 5 Components That Make Up Your Score

1. Payment history (35%) 2. The total amount owed (30%) 3. Length of credit history (15%) 4. Types of credit (10%) 5. New credit (10%)

- Paying with a gift card or debit card - A change in salary - Your marital status - Having a prior credit application denied

What Information Credit Scores Do Not Consider

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