Your credit report is generated by three major companies - Experian, Equifax, and TransUnion - and factors in your payment history, total debt owed, length of credit history, new credit applications, and credit mix. A credit score ranges from 620 to 760, with the highest scores indicating excellent creditworthiness. Payment history accounts for 35% of your score, amounts owed for 30%, and length of credit history for 15%, with new credit and credit types each accounting for 10%. To improve your credit score, you should pay all bills on time, avoid opening multiple new accounts unless needed, keep credit balances low under 25% of limits, and regularly review your credit report.

1. Give Yourself Some Credits Understanding Your Credit Report Arvin Alpuerto Economics 101