Did you know part of your credit score adds up the total of all the revolving credit you have used, and then divides that by the sum of your available revolving lines of credit. This provides what credit experts term a credit utilization ratio that gives the scorer an idea of how extended your credit is.

If your credit is very recent, say less than three years, then your credit inexperience will drive down your credit score. This is measured by the age of your oldest account.

As you look to improve your credit score, there are several chunks that you will want to address. We'll rate each piece of the credit score improvement toolbox on a scale of one to ten, with ten being prime importance, five being average importance and one being low importance. However, depending on a variety of factors, the importance of any particular chunk of credit score improvement could go up.

The biggest score killer is definitely the presence of negative score listings (Level of Importance: 10 out of 10). These may include public records, collection accounts, charge-offs and late payments. The bulk of the credit score depends on credit history.

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