
There are five areas of consideration that make up your credit score or what is also called your FICO score. Your credit score is a number the credit bureaus give you based on these five areas that we are going to talk about in this article. A lender will look at your score and the other areas of your report to make a decision if they will grant you a loan. Credit scores can also determine if you will qualify for a job, as many companies are now running credit reports on potential employees.
It is clear to see that building and maintaining a good score is an important part of your financial history and ability to get a better paying job and get you the best rates and terms on the loans you may want and need. To know how to improve your credit let's take a look at what makes up a credit history score.