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But keep in mind that raising your credit score does not happen overnight. Your credit score is a composite score based on your credit history, and a " history " or even a " trend " is not created overnight, but is seen as an established pattern that you follow.

It is probably no surprise to you that the single largest factor that will influence your credit score is your payment history. Do you pay your bills on time with at least the minimum payment each month? If you have not been doing this, now is a great time to start that trend, since this factor accounts for almost 35 % of your overall credit score.

The second largest factor affecting your credit score is the total amount of all your accounts compared to your credit limit on those credit cards. If all your credit cards are near their credit limit or maxed out most of the time, this is definitely bad for your credit score. The standard rule of thumb is to keep your balance, if you carry a balance at all, to about 25 - 30 % of your credit limit. This shows that you are using credit responsibly and will improve your credit score.