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35% of your credit score is payment history - simply making your payments on time every month on all debts you have.
30% is your debt to credit limit ratio - compares what you owe to your combined available credit.
That being said, the fastest, cheapest, and easiest way to build credit is with a credit card. You can get a $1,000 credit limit, use it every month for small purchases, like $10 purchases, and three or four days later, pay it off. You won't accrue any interest and when the credit card company reports to the credit bureaus, they'll report that you made your payment on time (the 35% factor) and that you owe $0 (the 30% factor). Those two things will help your credit faster than anything.
There are other factors involved such as credit length, inquiries, and types of credit used. But the two factors I mentioned above comprise 65% of your FICO score.
Let me know if you have any other questions - I'm an Accredited Financial Counselor as well as an MBA (also working on a MS in Finance).
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