Enter multiple symbols separated by commas

Web Extra: What's in a Credit Score?

When money gets tight, we often have to make a decision about which of our loans we should pay off first. In making that decision, it's crucial to remember how it all impacts your credit score. John Ulzheimer breaks down the factors that have the biggest impact on your FICO.

Installment debt, that is debt that is secured by an asset like a car or house, is typically the most important debt to stay on top of. But these days, there's a counterintuitive pattern going on with more people focusing on paying off their credit card debt as it gives them access to capital.

For more factors that affect your credit score, watch the web-exclusive video with John and Carmen.

Contact Personal Finance


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.
  • Partner content