King bell
VIP Contributor
Your credit score is like a grade for how well you handle money and it goes from 300 to 850. The higher your score, the more lenders will trust you to pay back a loan. This score is shaped by several things: your history of paying bills makes up 35% of your score, how much you owe on credit cards affects 30%, how long you’ve had credit counts for 15%, and the kinds of credit you use is another 10%. If you want to make your credit score better, you should do things like make sure your credit report doesn't have mistakes, always pay your bills on time, try to lower what you owe on credit cards, and don’t get new credit cards or loans unless you really need them. Also, work out deals with creditors if you owe them money, get added as an authorized user on someone else’s credit, have different kinds of credit, keep your old accounts open, set up payments to happen automatically, and look for advice from money experts if needed. Remember that boosting your credit score won't happen overnight. It takes time and steady smart money moves. But it's worth it because a good credit score helps you get better deals on loans and gives you more options for managing your money. So aim to build a strong and healthy credit history that will benefit you over time.
