If you've been carrying credit card debt, you could see a drop in your credit score soon. Here's what you need to know.
offers some tips on how increase your credit score and achieve good credit in anticipation of the new FICO 10 scoring model.Payment history is the most important factor of your credit score, so it's key to always pay on time. Set up autopay or reminders to ensure timely payments., we recommend paying your bill in full every month to reduce your utilization rate .
In general, the lower your utilization, the better your credit score.Each time you apply for credit, whether it's a credit card or loan, and regardless if you're denied or approved, an inquiry appears on your credit report. This temporarily dings your credit score about five points, though it'll bounce back within a few months. Try to limit applications as needed and shop around with
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