If you don’t know what affects your credit score…you’re not alone! According to a recent survey, more than 60% of Americans have no idea what accounts for their score. So let’s break it down:

What doesn’t matter? Your employment history, the interest rates on your debt, your assets or savings, your age, or where you live.

What DOES? Making payments on-time, the overall amount you owe, how long you’ve had credit, credit checks, and the number and type of accounts.

You’re entitled to a free credit report once a year…go to AnnualCreditReport.com to check on your score and to fix any irregularities…it will save you a lot of money (and pain) if you stay on top of it!