Improve your credit score by focusing on the big things, not the little things. Start with your on-time payment history and debt balance.
If you add up the bottom three factors, you get 35% of your credit score. That means the top factor alone is worth as much as the bottom three combined.After years of experimenting, I've figured out exactly what opening and closing credit cards does to your credit
Now that you know where to focus, let's take a look at what you should do to get a perfect score in the payment history and debt balances portions of your credit score.The most important factor in your credit score is your payment history, so this deserves the most focus. Further, a late payment stays on your credit report for seven years, so it takes a long time to fix a mistake in this area.. If you don't have to make a payment, it is considered similar to an on-time payment.
The second biggest factor is your credit balances, which make up 30% of your score. If you have bad credit and high credit card or credit line balances, paying them off in full is often the fastest way to improve your score.
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