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What’s in a credit score?

Your FICO® score is a number ranging from 300 to 850 that lenders use when evaluating your credit risk. A good credit score (700+) puts you in a better position to get loans and credit cards with lower rates. Here’s a closer look at five factors that affect your credit score:

10% New credit

When you apply for a new credit card or loan, a hard inquiry into your credit history can ding your credit score.


10% Types of credit

Managing multiple forms of credit (e.g., auto loans, student loans, credit cards) responsibly can boost your score.


35% Payment history

Payments made on time raise your credit score, and late payments bring it down.


30% Credit utilization

Credit utilization measures the debt you owe compared to the total credit you have available. Reducing your debt can help keep your credit utilization low.


15% Length of credit history

A long history of making responsible loan payments helps your score.




Get a Financial Review

Contact us for a free financial review at (877) 820-2265 or by filling out the form at the bottom of the page. We also have a handy Financial Toolkit to help you manage money wisely. Find mortgage calculators, how to create a financial plan, travel savings tips, and more.


Schedule a financial review

Financial Toolkit





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