www.legacylegal.com Improving your credit score can significantly increase your purchasing power and credit worthiness. So I will discuss a few tips on how to improve your credit score, don't worry -- this is all pretty basic stuff. So here's a really boring pie chart to show you the different pieces we will discuss. But as a reminder, no part of your credit score is based on your income, or where you live or went to school. First, lets talk about your payment history. 35% of your credit score is based on your debt repayment history. Debts such as your credit cards, home loan and car loans report your payment history to the credit bureaus on how well or how poorly you pay on time (this fact alone means that some people are totally screwed). If you were reported as paying any late payments, this could drop your credit scores dramatically and that could mess up your scores for a while -- so don't do that. If you were not late, but your credit report says you were, you might want to consider credit repair (cuz we all know the credit bureaus nnnneeever make mistakes, right? Yeah, uhuh). If you have no credit history, you're not totally screwed, so you can start by opening an account with the same institution where you do your banking. If you don't have a bank account, stop the video and go get one. Next, - is your balance-to-credit-limit ratio. This is a little nerdy, so I will break it down for you. 30% of your credit score is based on your balance-to-credit-limit ratio, or ...