How you can impact your score
Five of these actions will improve your credit score and five will lower it. Drag each item to the correct target.
Consistently pay your bills on time
Keep credit cards balances that are 70% or less of your spending limit
Only apply for and open new credit accounts when you need them
Have high income relative to how much you owe
Have a good credit history for a long period of time
Pay some bills late
Have credit cards balances near your maximum spending limit
Apply for new credit cards frequently, whether you need them or not
Have a very brief credit history
Exceed your credit card spending limit
Improve your score:
Lower your score:
Keep trying. There are five actions that will improve your credit score and five that will hurt it.
Another way to help improve your credit score is to have a mix of revolving credit (e.g., credit cards) and installment credit (e.g., a car loan).
In the next section, you will learn about your credit report.