FICO weighs five components to determine your score: your payment history, amount owed, new credit, length of credit history, and credit mix. Here's what these categories mean, and what you can do ...

In the case of FICO credit scores, they are calculated using various pieces of information from your credit report. This data is grouped into five categories: payment history (35%), amounts owed ...

A good credit score is typically one that’s 670 or higher, and can help you save money on interest if you need to take out an auto loan or a mortgage. But that’s not all — we’ll break down ...

That’s not to say that you have to have 10.5 years of credit history to have a good credit score. Paying on time is significant when calculating your credit score as is credit utilization of ...

How many credit cards should you have? The ideal number of credit cards will depend on your spending habits and financial ...