Do you ever wonder how your credit score is being calculated? Check out the break down below:

• Payment History: pay your accounts on time
• Accounts Owed: limit the % of available credit used
• Length of Credit History: start early. If you have children, set them up with a bank. If you have a partner with a longer history, you might qualify for e.g. a partner credit card
• New Credit: limit the amount of recently opened account. 1 to 2 credit cards should be sufficient.
• Types of Credit: keep the amount of different types low.

Are you currently trying to increase your credit score? Please share your ideas!