January 27, 2014

The top 2 criteria that affect your credit score are? Why should you care?

2 thoughts on “January 27, 2014”

  1. Kat Graham says:

    Your payment history and credit utilization. You should care, because your credit score will affect any loan you try to get.

  2. Mike Finley says:

    Right again, Katherine. Well done. Let’s review.

    1. Pay your bills on time. Get organized and set up your bills on automatic payment whenever possible. Nothing affects your credit score more than paying your bills on time. Make it happen!

    2. Use less than 30% of the credit you have available to you. Use creditkarma.com to track this number. I encourage you to work at getting this number below 10%. This will show your responsibility with credit and in turn, your score will go up.

    Your credit score has a BIG impact on the interest rate you are offered when requesting credit. Focus on reaching 760 and you will be golden. For further guidance, hit on the credit tab on this website. Take control of YOUR credit!

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