
Transcribed
What's in Your Credit Score?
TGrad What's in Your FICO Score? THE KEY FACTORS AFFECTING YOUR CREDIT SCORE 35% 30% DEBT (HOW MUCH YOU OWE): PAYMENT HISTORY Late payments can damage your score quickly, but a record of on time payments helps your score. The more you owe in proportion to your credit limit, the lower your score will be. 10% NEW CREDIT Opening new credit accounts may potentially lower your score; it represents greater credit risk. 15% LENGTH OF CREDIT HISTORY 10% TYPES OF CREDIT The longer your credit history, the better. Responsibly managing different types of credit- such as a student loan, auto loan and credit cards-can help your score. YGrad
What's in Your Credit Score?
shared by iGrad on Jan 08
1,808
views
2
faves
0
comments
A simple infographic covering how credit scores are calculated. We all could use a reminder of what activity may hurt our ability to get credit later. For more information about your credit score visi...
t http://www.igrad.com/articles/know-your-credit-score-importance
Source
http://www.i...edit-scoreCategory
EconomyGet a Quote