10/04/2023
Understanding credit score is such an important part of , but it’s not always easy. Do you know what goes into calculating your ?
Let’s demystify the score calculation:
Credit History - Paying on time and in complete amount has the greatest positive on your credit score.
Amount Owned - The amount of debt you owe, relative to the amount available -that is your debt-to-credit ratio.
Types of Credit Used - How many types of credit you are currently using and have used in the past.
Length of Credit History - A lender will be able to see how long you have been using the .
New Credit - This factor entails the number of you have opened recently.
Attract attention to what you should know, incite in understanding how credit score is calculated, motivate desire to make smart , and take action to take of your own credit.
Now’s the time to get with !
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