The average American's credit score is 723. Having a high credit rating can give you better interest rates on credit cards, car loans and even your mortgage. It's important to know the top factors that affect your score and check your credit report for accuracy.

1. Pay on Time
The most important factor to a potential lender is whether or not you will pay your bills in full and on time.

2. Use a Variety of Credit
A variety of credit, such as mortgage loans and credit cards, can show that you are responsible for paying back both large and small financial promises.

3. Keep Accounts Open
It is a bad idea to open a credit card just to take advantage of a discount or a freebie then close it right away. The longer your credit history, the higher your credit rating tends to be.

To see all of the factors that affect your personal credit score, you should check your credit report.


A credit score is primarily based on  information, typically from one of the three major credit bureaus: Experian,TranUnion, and Equifax.