You know your Social Security number, your ATM PIN, an access code here, a password there... But do you know the number that will cost or save you thousands of dollars & what impacts this number? 

Lenders use credit score to determine if you qualify for credit and how much interest they'll charge you. Insurance and phone companies use the scores to decide if you're a good credit risk. Even prospective bosses & landlords may turn you down based on your scores.

This one number, often times referred to as a FICO score because of the Fair Isaac Corporation that developed the the system, can impact so much in your world you should know what you can do, should do, or as important NOT do, to improve it.

You can get all 3 of your credit reports for free (1 x/year) at this site... www.annualcreditreport.com

Below Are The 5 Factors that Determine Your Credit Score Or

  • PAYMENT HISTORY 35%

    Negative History Can
    Stay For Up To 7 Years
  • LENGTH OF CREDIT 15%

    7-10 Year Old Credit
    Or Longer Is Optimal
  • TYPES OF CREDIT 10%.

    Have Both Revolving
    & Installment Credit
  • NEW CREDIT CHECKS 10%

    Hard Inquiries In 12
    Months Hurt Scores
  • THE AMOUNT OWED 30%

    Stay Under 30%
    Of All Credit Limits

 

BELOW ARE 5 QUICK & EASY WAYS TO IMPROVE HOW THE FICO SCORE CACULATION VIEWS THE AMOUNT YOU OWE...THAT ACCOUNTS FOR 30% OF YOUR TOTAL SCORE

  • BALANCE TRANSFERS

    Move Balances 31%-100%
    To New Cards
  • RAISE CREDIT LIMITS

    On Credit Cards With
    Balances Above 30%
  • PAYMENT DUE DATES

    Move Due Dates To
    Before Card Reports
  • CLOSE ACCOUNTS

    No Limit Cards Show
    Balances As Over 30%
  • HOME EQUITY LOANS

    HELOCS Are Often
    Reported Incorectly


USE THESE OTHER RESOURCES & TOOLS TO HELP YOU FIND & BUY YOUR PERFECT NEW PLACE

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