Know the difference

A credit report contains account and payment information. A credit score is generated from information using a particular model. Lenders may use different models and other criteria. Follow CFPB guidance to review your reports and challenge errors through the appropriate process.

Read an account's terms

Before applying, understand interest, fees, payment due dates, late consequences and how a secured product handles a deposit. A credit limit is not income. Do not borrow simply to chase a score, and do not let anyone promise a guaranteed increase in exchange for a fee.

Manage payment and utilization

Track statements and plan payment from available money. Autopay can help only if the linked account has enough funds. The utilization tool divides a revolving balance by its limit; it does not estimate a score or set a universal target. Reporting dates and statement dates can differ.

Act quickly on problems

Check unfamiliar accounts, balances and notices. Use official reporting-company and creditor contacts rather than links in unexpected messages. If repayment is difficult, contact the creditor and seek reputable guidance. Never share a one-time code with someone claiming to fix or protect your account.

Before you act

  • Write down the assumptions that would change this decision.
  • Confirm current requirements with the relevant official source or a qualified professional.
  • Keep sensitive documents out of public links and unknown forms.

Primary sources & further reading

Editorial review: November 2026. Sources are background guidance, not endorsements of this site. Check current local requirements.