5 Factors that affect your credit score
1) Payment History
Its contributes around 35% to your credit score. So pay all your bills on time
2) Credit Utilization Ratio
Its is the second most important component of your credit score. Its shows how much credit you use
3) Length of your credit history
This component shows how long you hold your credit accounts. Higher is better.
4) Credit Mix
This component shows different types of credit account you have.
5) New Credits
This component takes into account the number of new credit accounts you had recently opened or applied.
To Know How to Improve your credit score