Money Scale
Debt & Credit
Lesson 1 of 34 min60 XP
Debt & Credit

What actually moves your credit score (and what doesn't)

Payment history is 35% of your FICO. Income isn't a direct factor at all.

Last reviewed: · Reviewed by the Money Scale editorial team

35% / 30%

Payment history / utilization

Together they explain 65% of your FICO score.

Full FICO weighting

  • 35% Payment history
  • 30% Credit utilization
  • 15% Length of credit history
  • 10% New credit / hard inquiries
  • 10% Credit mix

The fastest single move: pay every bill ON TIME, every time. Set autopay for at least the minimum on everything. One 30-day-late payment can drop your score 80–100 points.

The utilization trick

If you have a $10K credit limit, keep your statement balance under $3,000 (30%). For top-tier scores, aim for under 10%. You can pay down the card BEFORE the statement closes to lower reported utilization.

Don't close old cards if you don't have to — length of credit history matters. Income, employer, and savings balance are NOT in your FICO at all.

Takeaway

Autopay the minimum on every account, then attack the highest-APR balance. Check your free reports yearly at AnnualCreditReport.com.

Quick check · 60 XP

Which factor is NOT in your FICO score?