Your credit education starts here.
Credit Education
Take Control of Your Credit, Take Control of Your Future
Understanding how credit works is the first step to financial freedom. At Lifeify, we make it simple—so you can stop feeling held back and start building the future you deserve.
How Credit Scores Work
Your credit score is made up of a few key factors. Knowing these helps you focus on what really matters:
- 35% Payment History → Paying on time is the #1 factor.,
- 30% Credit Utilization → Keep your balances low compared to your limits.,
- 15% Length of Credit History → Older accounts = stronger credit profile.,
- 10% New Credit → Too many new accounts can hurt.,
- 10% Credit Mix → A healthy variety (credit cards, loans, etc.) builds trust with lenders.
Smart Ways to Boost Your Credit
These simple habits can help you improve faster:
- Always Pay On Time – Even one late payment can hurt your score.,
- Keep Balances Low – Aim to use less than 30% of your available credit.,
- Don’t Close Old Accounts – Longer history = higher score.,
- Limit New Applications – Every hard inquiry can drop your score.,
- Check Reports Regularly – Spot errors early and dispute them quickly.
Need help disputing errors? That’s where Lifeify comes in.
Credit Myths vs Facts
Myth: Checking my credit will hurt my score.
Fact: Checking your own report is a soft inquiry—it doesn’t affect your score.
Myth: Paying off collections will automatically remove them.
Fact: Paid collections can still show on your report unless properly disputed.
Myth: Closing credit cards improves my score.
Fact: Closing accounts can shorten your history and increase utilization.
Debt Education
Break Free From Debt, Build a Stronger Future
Paying off debt doesn’t have to feel overwhelming or out of reach. At Lifeify, we provide the tools, resources, and step-by-step guidance you need to create a clear plan for managing and eliminating debt. Our approach is designed to help you take control of your finances, ease the stress that comes with money challenges, and stay motivated throughout your journey.
