Your Credit Score – It Is Important You Understand It
A persons credit score is one of the most important numbers they will ever deal with. A credit score is used by many different companies to determine the credit worthiness of a person. Almost every business a person deals with from utility companies to banks are interested in their credit score.
The credit score is based upon the things reported in the credit report. The higher the score, the better. A higher score means lower interest rates and an easier time getting lines of credit. A credit score is made up of the following information:
– 35% is based upon the persons payment history. It will be affected by making payments or not making payments.
– 30% is based upon outstanding debt. This is any debt that is yet to be paid.
– 15% is based upon the length of time the person has had an established credit history.
– 10% is based upon the inquires made into the account. This is the credit checks, basically, made for this person.
– 10% is based upon the different types of credit the person has.
A credit score is very important to...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
