Different formulas are used to calculate credit scores, but five actions can improve it and five will hurt it.
Instructions: For each action, decide whether it will likely improve or lower your credit score. When you are finished, click Submit.
|Your actions||Improve your score||Lower your score|
|Keep credit card balances that are 70% or less of your spending limit|
|Have a very brief credit history or don’t establish credit|
|Pay some bills late|
|Have high income relative to how much you owe|
|Only apply for and open new credit accounts when you need them|
|Exceed your credit card spending limit|
|Have a good credit history for a long period of time|
|Consistently pay your bills on time|
|Apply for new credit cards frequently, whether you need them or not|
|Have credit cards balances near your maximum spending limit|
Click the Next button to continue.