Your credit utilization ratio makes up 30% of your FICO score. If you have a $10k limit, try to keep your balance below $3k to show lenders you are responsible.
2. Never close your oldest account
The length of your credit history accounts for 15% of your score. Closing an old card shortens your average account age, which can temporarily drop your score.
3. Set up autopay for the minimum
Payment history is the #1 factor (35%) in your credit score. Even one late payment can stay on your report for 7 years. Always automate at least the minimum payment.
Tip 1 of 3
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