How Credit Actually Works

If you've ever felt like your credit score is some secret club's handshake you can’t remember, welcome to the club. Let’s break down why they hate you — and maybe how you can fight back.

The Score Conspiracy

• Payment History (35%) — Get a late payment? Congratulations, enjoy your wall of shame for 7 years.
• Amounts Owed (30%) — Keep those balances low, or prepare to be branded a financial addict.
• Length of Credit History (15%) — The older your accounts, the cooler you look.
• Credit Mix (10%) — Own a car loan? Mortgage? That’s like a gold star.
• New Credit (10%) — Apply for 17 cards in a week? Spooky.

TL;DR: Pay on time. Don’t max out your cards. Keep your old accounts alive. Repeat.