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CNN just reported on how to “crack the code for a perfect credit score” As I mentioned on previous articles, there are lenders looking to lend to bad credit borrowers, but the terms may not be the best. So why not try to fix your credit, manage your debts (instead of declaring bankruptcy and being in years of credit and possibly job limbo).

To summarize the article, Fico the company that produces the Fico Scoring model explains that there are 5 factors that determine your credit score number, which could be the key to great personal loan rates, rather than struggle with bad credit. So here they are: Payment history, the amount you own in your credit lines, length of credit history, how much credit have you applied, and types of accounts.

The article emphasizes payment history as the most important ruler on how your credit score is determined. So there you go.