Improving Sophia's Credit Score Strategies

Scenario 9: Good Credit (700) Meet Sophia, a 42-year-old with a 700 credit score.

Sophia is looking to upgrade her home and wants to ensure she can secure the best mortgage rates.

Financial background: Sophia has three credit cards, using 30% of her total available

credit. She has a car loan and has made all payments on time for the past three

years. Sophia missed one payment last year due to a billing error but quickly

resolved it. She regularly checks her credit report for accuracy. Possible Strategies

for Sophia: Lower credit utilization: Aim to reduce her usage to below 20% to boost her score

further. Avoid applying for new credit: Wait until after securing her mortgage to