You probably know that a good credit score is paramount to financial success, but you may not know how to go about building or improving your credit–especially if you’re starting from scratch.
Frequently asked questions
Credit scores range from 350 to 850. However, a credit score of 700 or above is considered good. A credit score above 800 is considered excellent. These score tiers are set by a company called FICO.
Though not directly related, your credit score tells your landlord how likely you will pay rent on time since a portion of your credit score relies on your payment history.
Improve your credit score by keeping your credit utilization low, not overusing your credit cards, and paying your credit card balances in full each month and avoid revolving debt. Also, refrain from closing any credit cards.