What They Are and How to Improve Yours
Your credit score isn’t just a number—it’s a reflection of your financial habits. Whether you're applying for a loan, renting an apartment, or even landing a job, your score can open doors or quietly close them. But here’s the good news: you have the power to shape it.
🧠 What Is a Credit Score?
A credit score is a three-digit number (typically ranging from 300 to 850) that represents your creditworthiness. It’s based on your credit history and helps lenders decide how risky it is to lend you money.
Score Ranges:
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Excellent: 800–850
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Very Good: 740–799
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Good: 670–739
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Fair: 580–669
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Poor: Below 580
What Factors Affect Your Score?
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Payment History (35%) – Do you pay bills on time?
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Credit Utilization (30%) – How much of your available credit are you using?
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Length of Credit History (15%) – How long have your accounts been open?
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New Credit (10%) – Have you opened many new accounts recently?
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Credit Mix (10%) – Do you have a variety of credit types?
🔧 How to Improve Your Credit Score
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Pay Bills On Time – Set reminders or automate payments.
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Keep Credit Utilization Low – Use less than 30% of your available credit.
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Don’t Close Old Accounts – Keep older accounts open to boost your credit age.
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Limit New Credit Applications – Avoid frequent hard inquiries.
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Diversify Your Credit – Mix of credit cards, loans, etc.
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Check Your Credit Report – Visit AnnualCreditReport.com to dispute errors.
💬 Final Thoughts
Your credit score isn’t fixed—it’s fluid. With a little intention and consistency, you can build a score that reflects your financial strength. At Tomorrow’s Money Gains, we believe in turning knowledge into power—and your credit score is a great place to start.