09/30/2022
High credit scores are like the golden ticket of adulting. Having one can help you find better car insurance rates, get approved for more rental homes, qualify for higher credit card limits — and let’s be honest, the bragging rights aren’t half bad, either.
Fortunately, a good credit score isn’t nearly as elusive as one of W***y Wonka’s golden tickets. Focus on these five areas to get a fighting chance of improving your credit over time:
- Payment History (35%)
- Credit Utilization (30%)
- Credit History (15%)
- New Credit (10%)
- Credit Mix (10%)
Want more details on these categories? Click the link below to see our featured article about credit scores and good car loan rates.
Note: In this article, we refer only to the FICO credit score. Other credit reporting systems, such as the VantageScore, may use different percentages and categories to calculate their scores.
Learn more: https://mytresl.com/blog/tips-for-a-good-car-loan-rate/