Credit Score Boost
Cheat Sheet

FICO scores are calculated from: payment history (35%), amounts owed/utilization (30%), length of credit history (15%), new credit/inquiries (10%), and credit mix (10%). Payment history and utilization are the two most impactful factors — focus on these first.

Credit scores range from 300–850. A score of 670–739 is considered "good," 740–799 is "very good," and 800+ is "exceptional." Most lenders offer their best rates to borrowers with scores of 720+. Below 580 is considered poor credit.

You can establish a credit score within 3–6 months of opening your first credit account. Building a good score (670+) typically takes 1–2 years of responsible use. Excellent credit (750+) usually takes 3–5 years of consistent positive history.

The fastest ways to improve your score: pay down credit card balances (reduces utilization), dispute any errors on your credit report, become an authorized user on someone's account, and avoid applying for new credit. Significant improvements can happen in 30–90 days.