Here’s what to know about credit scores and how to raise yours: A credit score is a three-digit number that indicates how likely you are to pay back money when you borrow it, based on your credit ...

Your credit utilization ratio accounts for 30 percent of your FICO score and is calculated by dividing the total debt you have on your revolving credit accounts by your total credit limits you ...

Your credit utilization ratio is the amount of debt you have divided by your total credit limit. Credit utilization accounts for a decent chunk of your credit score, so aim to use no more than 30% ...