What's the Score? 1. John got his first credit card three years ago and now has four different cards; two
of these loans were applied for in the last year. Of the four credit cards he has, only
two have a balance. Card 1 has a balance of $300 and Card 2 has a balance of
$150. John was 30 days late on one of his payments. Although he had missed one
payment, he does not have any past due balances. John only uses his cards for
emergency situations and does not use more than 25% of his available credit limit.
He recently purchased a new car and had to take out his first loan. John decided a
3-year loan would be best for his financial needs. He has never filed for bankruptcy.
John's credit score is
What could John
do to improve his credit score?