Make Your Credit Score a Winner Your credit score impacts your "credibility" when it comes to lending you money and the interest rate on your loan. When lenders are deciding whether to extend credit there’s plenty to consider. The most important thing? Your credit score. Keeping it strong is important. But to build it, you have to know what affects it. Your payment history affects your credit score the most. And nearly as important is the amount you owe. The length of your credit history is important too - how long have you had certain accounts, and how long has it been since you’ve used them? Your mix of credit, such as loans and credit cards, and how new those accounts are, also affect your credit score. So how do you strengthen your credit score? Keep up with your credit report - it helps you better understand your score. Remember to make your payments on time! Automatic reminders should assist with keeping payments consistent. You should also take good care of your debt. That means don’t shift it from one account to another, and reduce it whenever possible. A low balance benefits your credit score. And, last but not least, keep in touch with your creditors! Actively managing your credit score will help you keep it strong. Equal Housing Lender. Member FDIC.