Your payment history makes up more than a third (35 percent) of your total credit score. So, if you’re never late with your loan and credit card payments, you may be well on your way toward a stronger credit score.
The lower the interest rates on your loans, the more income you will have available for other uses.
Borrow new credit wisely
The amount you owe to all lenders makes up about a third (30 percent) of your score, and the less outstanding credit you have, especially on credit cards, the better your score.
Borrowing is easy, but the subsequent payments can become a prolonged drain on your income. Limit your use of credit cards to an amount you can comfortably pay off each month.
Take new loans only for major, long-term items like a house, education or a car.