b'UNDERSTANDINGYOUR CREDIT SCOREFICO Credit Score ScaleNo or Low National Excellent Credit (300) Average (716) Credit (800+)How to Build Good Credit HabitsAge of creditCredit historyMaintaining credit accounts forPaying bills consistently on time a long period strengthens yourpositively impacts credit scores. credit score. If you currentlyHowever, if you receive a 30-have a credit card you openedday (or more) late notice, it will 20 years ago, your credit historyremain on your credit score for would look strong.many years, harming your credit.Hard inquiries Mix of credit typesOpening several new loanHaving a mix of loan types will accounts and/or credit cardspositively affect your credit.in a short period of time willFor example, if you have anegatively impact your credit card, a personal loan,credit score.an auto loan, and a mortgage, you have a good credit mix. UtilizationUtilization is the percentageof your total credit limit thatgets used. Keeping this number low will positively impact your credit score. 45'