Several factors come into play when calculating your credit score. According to FICO.com, your credit score is affected by five major elements, in this order of importance: payment history, amounts owed, length of credit history, new credit and types of credit used. There are some things you might be doing that could knock your score down a few pegs. Don’t stop using credit altogether. Think carefully before closing old accounts or opening new ones. Be sure to keep your debt reasonable. And don’t every pay late! For details on all these tips, read the full story on our sister site, Living on the Cheap.