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3 Ways to Boost Your Credit Score (and 3 Ways to Damage It)

When it comes to taking the next step in your life, one of the most important numbers could be your credit score. After all, it can stand in the way of some of the biggest purchases you may want to make, like a car or a house.

First the basics, five factors comprise your credit score


Not all debt is the same and some  is considered ‘good’ according to Scott Smith, president of “Any kinds of car loan, home loan…those things actually provide you great credit history when you pay them off on time and fill those debt obligations,” he said.

Even credit card debt isn’t “necessarily wrong” said the credit expert. But Smith warned “you don’t want to have more than 30% utilization on that (account) and you do want to pay it down as often as possible.”

Scott Smith gave his assessment on the three Do’s and Don’ts of improving your credit score.


read the 3 DONT’s via

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