Improving your credit score can be challenging, but understanding the key factors that impact your score is essential. Key strategies include making on-time payments, paying down credit card balances, and avoiding closing your oldest credit accounts. Timely payments, which account for 35% of your FICO® score, are crucial for building a strong credit history. Reducing your credit utilization rate, which impacts 30% of your score, can also boost your credit. Additionally, diversifying your credit mix and limiting new credit applications can improve your score over time, while disputing inaccuracies on your credit report can quickly address errors.
Mortgage
When buying a new home, most people apply for a mortgage. This loan allows you to borrow money for the property and repay it with monthly payments plus interest
