In out last blog we have seen the importance of free annual credit check, free annual credit rating, free annual credit report online, Free annual credit reports, free annual credit score. Now we will see how your credit score / rating is arrived. There are several factors that control your credit score.
Punctuality of payment - 35% — punctuality of payment in the past. If you have failed to repay an installment then you loss some points. So be punctual.
Punctuality of payment - 35% — punctuality of payment in the past. If you have failed to repay an installment then you loss some points. So be punctual.
Amount of debt - 30% — the amount of debt, expressed as the ratio of current revolving debt to total available revolving credit. In simple the ratio of what you have to what you owe.
Length of credit history - 15% — length of credit history. The longer you have good records the higher will be your score.
Types of credit used - 10% — types of credit used,
Credit obtained recently - 10% — recent search for credit and/or amount of credit obtained recently. The latest activities will count.
Also read - Free annual credit reports
No comments:
Post a Comment