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发帖数: 4944 | 1 Past Payment History:
This alone covers 35% of your credit score. Just one little late payment can
affect your score dramatically. The most important thing is to always pay
your bills on time. If you have a problem with this, you should consider
setting up auto pay accounts, or start making more money.
Total Credit balance:
This covers 30% of your overall credit score. This is the total amount you
owe compared to your total credit limit. If you want a great credit score,
you need to pay down your credit cards or credit lines to about 15% of your
allowed credit. You can see a dramatic change just by making a large credit
card payment.
Credit History:
This is the length of time that you have established credit, and this
accounts for 15% of your score. The longer you have been in good standings
with a credit company, the better interest you will receive. Opening new
accounts may actually hurt your overall credit score. Also, having idle
accounts won’t help your score. You are better off using your card for gas
or groceries, and then paying it off every month.
New Credit:
The amount of credit that you apply for, accounts for 10% of your overall
credit score. When you apply for credit, it is noted on your account as a “
hard inquiry” and can be considered as a bad mark to future lenders if you
have too many inquiries. Be sure that you have no more then 6-8 per year.
Stop applying for credit you really don’t need. It will actually hurt your
score.
Type of Credit:
This accounts for 10% of your overall score. Credit cards, retail accounts,
car loans, and mortgage loans are always being monitored. You need to be
able to find the fine line between having too much credit, and not enough
credit. |
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