How to Get a Good Credit Score

Everyone knows a good credit score is vital, but how do you get it? The first step is to understand how it’s calculated. Five factors impact your credit score, each one in different ways.

First is your payment history and reliability in paying back past debt—both good and bad—over the past 7-10 years.

Second is your account balances showing what you owe in proportion to your overall credit limits.

Third is the length of time you’ve been using credit. Typically, the longer your credit history, the better your score will be.

Fourth is your credit mix, which demonstrates your flexibility to use different types of credit.

Lastly, the number of times you apply for new credit impacts your credit score.

Once you understand how your credit score is calculated, the next step to fixing your credit is getting the right help.

At Lexington Law, we address each factor of your score health as we repair and rebuild credit scores.

Call 855-258-9809.