How it’s calculated and how to boost it

Businessman holding up credit score sign.

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When it comes to scores, high numbers don’t only matter for your kid’s SAT. The higher your credit score, the better your chances of getting a loan and low interest rates on money you borrow.    

Understanding how to boost your credit score — which credit bureau Experian says range from a “very poor” 350 to an “exceptional” 850 — is key to your financial health.

“Knowing the factors that go into determining your score … gives you the opportunity to make decisions that will move you towards an increased credit score and make sure you stay there,” says Kyle Whipple, partner at Custom Wealth Solutions.

Even if you earn a big salary or have cash set aside for an emergency, it’s still tougher to get a loan if your credit is bad.

Before you can improve your credit score, you need to know how your score is calculated. 

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By Javier Manning

Javier has been in the field of content writing for almost 8 Years as he hails from the Biotechnology background. The edifying articles portray her craving towards language. His keen hobby of reading technological innovations related books or articles has sown the seed of being a well-versed editor with the current scenario of numerous industry verticals. He is one of the valuable assets to this publication. The Industry News Press has awarded him with a senior editors post based on his skillful performance to date.