Credit Score
Good Habits
Bad Habits
Borrowing
100

This type of history of the times you have paid your credit card bill determine a lot about your credit score.  

What is payment history?

100

Doing this is a good way to make sure you never rack up credit card debt and are always in control of your money. 

Paying your monthly bill in full?

100

Doing this will cause your interest rates to increase, and also cause you to need to pay extra late fees meaning you will lose a lot of money.

Missing payments?

100

Avoid these types of money lenders, they give you the money you need but hide huge interest fees to try and make extra money.

What are Loan sharks?

200

This type of history looks at how long you have had loans and credit card accounts, and the longer the better for your credit score.

What is Credit history?

200

This is a good time to get a credit card so that you can build a good credit history and develop good habits. 

At 18 years old?

200

Not doing this can cause problems in specific spots if you don’t pay attention when getting a credit card. 

Reading all available credit card information?

200

Checking this yearly report can help you determine how much you should be borrowing (or shouldn't)

Your credit report?

300

 This is a collection of the different types of credit you have, and gets better if you have a larger variety of cards and loans that you pay on time. 

What is Credit mix?

300

 Having this is a good way to ensure that credit card companies will approve you for credit, rather than ignore you for not having a lot of past experience. 

Having a thick file?

300

Doing this can exceed your credit limit and lead to extra fees and result in you having to pay more. 

What is Overspending?

300

Having a bad one of these scores means you are more likely to be denied loans and cards.

Having a bad credit score?

400

This only becomes a problem if you open a lot of new credit cards or take a lot of loans in a short span of time. 

What is New credit?

400

Doing this ensures that you won’t get charged late fees and ensures that your credit score won’t get worse.

Never missing a payment?

400

If you do this, it can result in thin credit which can hurt in the long run. 

Not using your credit card?

400

When borrowing money, pay attention to these rates and compare them with other places to ensure you’re not overpaying.

What are Interest rates?

500

This ratio represents your revolving credit divided by the amount of credit available to you. 

What is Debt to credit utilization ratio?

500

Doing these two things helps you stay safe from identity theft, and ultimately ensures that you won’t ever get bad credit from other people. 

Having unique passwords and never sharing personal information?

500

Doing this usually means you have less of a credit history to back you up and can lead to higher interest rates.

Starting late?

500

When getting credit, certain companies offer bonuses for certain things, taking the time to do this can be important.

Picking a card that fits your lifestyle?

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