Learn how to build, repair, and protect your FICO credit score — only on www.sonarpur.in
Your credit score plays a vital role in your financial life. Whether you’re applying for a loan, mortgage, or credit card, your score determines your approval rate and interest terms. A poor credit score can cost you thousands in extra interest — but the good news is, it can be fixed faster than you think.
Credit scores in the U.S. range from 300 to 850. They’re determined by five main factors: payment history (35%), credit utilization (30%), length of credit history (15%), new credit (10%), and credit mix (10%).
Your payment history is the single largest factor. Set reminders or use autopay for rent, utilities, and credit cards. Even one missed payment can drop your score significantly.
Keep your credit card balances below 30% of their limits. High utilization signals financial stress to lenders. For example, if your card limit is $10,000, try to keep your balance under $3,000.
Older accounts strengthen your credit age. Keep them open unless they have high annual fees. Long history = higher score.
Each loan or credit card application triggers a “hard inquiry,” which temporarily lowers your score. Space out applications by at least 6 months.
Use AnnualCreditReport.com to get free reports from Experian, TransUnion, and Equifax. Dispute any errors to fix incorrect data.
If you’re rebuilding credit, secured cards are your best friend. They require a small deposit but report to all major bureaus, boosting your score steadily.
Tools like Experian Boost allow users to add phone and utility bills to their credit profile, providing a quick score increase.
Having a mix of installment loans (auto, mortgage) and revolving accounts (credit cards) improves your credit health over time.
Credit repair is a marathon, not a sprint. With consistency, your score can jump 100+ points within 6–9 months.
Companies like Lexington Law and Credit Saint offer affordable credit repair services that handle disputes for you.
“Financial stability starts with a strong credit score — it’s the foundation of your economic freedom.”
Improving your credit score in the USA isn’t complicated — it’s a matter of discipline and tracking. Start applying these strategies today and watch your financial opportunities expand. For more USA financial tips, visit www.sonarpur.in/finance.