06/07/2026
Your FICO score is broken down into 5 parts. Here’s what you need to know 👇🏾
💳 Payment History — 35%
The biggest chunk. One late payment can drop your score 50-100 points. Every account with a payment history counts — open AND closed. 😬
💸 Credit Utilization — 30%
How much of your credit card limit are you using? High balances = big damage. No credit cards at all? You’re leaving 30% of your score on the table. 👀
📅 Credit Age — 15%
How long your accounts have been open matters. Closing an account, getting one deleted, or opening a new one all affect this. Think before you close anything. 🤔
🔍 Inquiries — 10%
Hard pulls can cost you 1-5 points each and stick around for 2 years — but only hurt your score for 12 months. Soft pulls don’t count. ✅
🔀 Credit Mix — 10%
Lenders wanna see variety. A solid mix looks like:
✔️ 2+ open credit cards
✔️ 1 short term loan
✔️ 1 long term loan
Questions? Drop them below 👇🏾🔥