The 5 Spookiest Financial Boogeymen -- and How to Avoid Them

The 5 Spookiest Financial Boogeymen -- and How to Avoid Them

In a recent survey, Wallethub uncovered the top five financial fears among consumers today. Here's how to face each of those fears and conquer them for good.

Whether you're currently suffering from a low credit score or fear having one in the future, it's important to understand how credit scores work. Here are the five primary factors that determine your FICO score (from most important to least):

Since payment history and credit utilization together make up 65% of your FICO score, these are the two factors that you should focus on improving. Being on time with all your payments and getting your credit utilization under 10% can work wonders on any FICO score.

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Source: Fool.com