Transcript

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
1,726 views
2 shares
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...

Publisher

iGrad

Designer

iGrad

Category

Economy
Did you work on this visual? Claim credit!

Embed Code

For hosted site:

Click the code to copy

For wordpress.com:

Click the code to copy
Customize size