Kelly is a middle class blue collar Californian, who has launched a conscious attempt to maintain a positive credit standing with all the creditors of his, which range from his mortgage lender to his credit card company.He has prided himself in creating prompt payments to all his creditors but not incurred a late transaction in his whole life. Nonetheless, very much to his horror he got turned down for a $300 limit Sears store card, the main reason being a mere 589 Fico Score.
Credit scores also referred to as Fico Scores vary between 300 and 850, with scores more than 700 being considered respectable scores, score under 660 would find it difficult to get approved for even little credit cards, similar to the one Kelly used for. Remember that fifty eight % of Americans have a Fico Score exceeding 700, 27 % fall between 600 and 700, with the remaining 15 % scoring under 600 *.
Now what triggered Kelly to employ an average credit score despite having a remarkable credit history?In order to answer this we are going to look into how Fico Scores are calculated. Below are five factors that are used-to derive your Fico Score:

Payment History - thirty five % Credit Card Capacity (Amount You Owe, compared to credit limit) - thirty % Length of Credit History - 15 % Types of Credit - 10 % New Credit - 10%
Since 30 % of your credit score is calculated by factoring in the percentage of your available credit being used, it's possible to make use of a terrible experian credit repair customer service - www.homernews.com - rating despite having a very good payment record by keeping your charge card balances close to maximum limits, and that is what took place in Kelly's case.
At this point let's study these 5 categories closely and determine what you have to do to optimize your credit score.

Transaction History-35%
This is probably the most self explanatory category, simply pay your bills promptly and do not be more than 30 days late on any bill, as creditors start reporting late payments on the credit of yours at that moment.