How Credit Scores Are Calculated. You likely have dozens, if not hundreds, of credit scores. That's because a credit score is calculated by applying a mathematical algorithm to the information in one of your three credit reports, and there is no one uniform algorithm employed by all lenders or other financial companies to compute the scores.(Some credit scoring models are very common, like the. Good credit often makes it easier to qualify for loans, credit cards and more at affordable interest rates. Here’s a breakdown of how credit scores work along with some tips you can use to try. How do I get my credit score? A better score can help unlock the things you want — like a great travel credit card, better interest rates, lower insurance premiums and more. There are certain times when it pays to have the highest credit score possible. Here are a few under-the-radar ways to boost your credit score quickly. How To Raise Your Credit Score. An In Depth Guide On Know How To Raise Your Credit Score, Remove Negative Items, & Build Good Credit. A lot of different factors go into your score. To get your score up into the 700’s or the 800’s, it takes a lot of TIME, and PERSISTENCE; Anyone can do it. More tips on how to fix your FICO Score & maintain good credit: If you have been managing credit for a short time, don't open a lot of new accounts too rapidly: new accounts will lower your average account age, which will have a larger impact on your scores if you don't have a lot of other credit information.Also, rapid account buildup can look risky if you are a new credit user. Most Americans have good credit scores. But if you do happen to have a lower score, there are easy ways you can work to improve it. In the next installment of CNBC Select's Credit Scores: Then and Now series, we speak to someone who has raised his credit score from 604 to an excellent 797. A recent survey from the National Foundation for Credit Counseling indicates that more people would be embarrassed to admit their credit scores (30%) than their weight (12%). While crash diets don. If a low credit score is holding you back from getting approved for loans, credit cards or prime interest rates, you might wonder how to improve your credit score.While building or rebuilding your credit isn’t a quick process, it can be the difference between getting what you want and going without.