Credit: More than just a score

CRED I T : MORE THAN JUST A SCORE 499 and below 700+ Extremely Bad Excellent 500-600 675-699 Poor Good 620-675 Average PAYMENT HISTORY AMOUNT OWED LENGTH OF CREDIT HISTORY NEW CREDIT + TYPES OF CREDIT YOUR CREDIT SCORE ! AN10975 6982695714 108708 39 700 1692691 7669969657 67 687 The average credit score in the U.S.is AVERAGE U.5. HOUSEHOLD CONSUMER DEBT John Smith XXX XXX XXXX $ 15,185 $ 147, 133 $31,509 debt due to credit cards debt due to home loans debt due to school loans DID YOU KNOU. O Nearly half of 2 In 2012, there were low- and middle-income 1,219,132 non-business bankruptcy filings in the U.S. households carry medical debt, which BANKRUPTCY averaged $1,678 in 2012. 3 Women measure Late payments remain on your credit report for seven years from the date of the initial late payment. Bankruptcies remain for ten years from the filing date. financial responsibility equal to sex/intimacy when searching for a partner. One in four men and women consider their partner's credit score to be a deal breaker when considering marriage. Ways to I NEREASE a credit score Ways to DECREASE a credit score + Check credit reports to identify problem areas + Set up payment reminders to pay bills on time + Reduce debt + Pay off debt rather than Have late or missed payments Use more than 80% of available credit Have a short credit history Request too many new move it around + Keep credit card balances lines of credit low Use only one type of + Apply for and open new credit accounts only if credit necessary SOURCES MYF I CO.COM REPORTSCREDITSCORE.COM GOVERNING. COM/GOV-DATA SuretyBonds.com NEWS.USCOURTS.GOV GUARANTEED PERFORMANCE, NATIONWIDE CREDITCARDS.COM I NVESTOPIA.COM FREECREDI TSCORE.COM/BLOG WHAT DETERMINES YOUR CREDIT SCORE?