What affects my credit
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Transcript of What affects my credit
![Page 1: What affects my credit](https://reader036.fdocuments.in/reader036/viewer/2022062615/548cc791b479597a6a8b45ca/html5/thumbnails/1.jpg)
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How do we avoid
THIS?
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What’s
Most
Important?
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Payment History
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It’s in that obvious categorybut it’s still worth saying…
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Have a system that assures you pay your bills
without fail
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And do iton time…every single month
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2nd
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Amounts Owed
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When it comes to credit scores“Common Sense”
Does not always apply
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So it’s actually best to have high credit lines
with low balances
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Length ofHistory
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Once again,“Common Sense”
Has left the building
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Do NOTclose old accountsLonger history on accounts paid timely
= better scores
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So use them on occasion
Then pay them off quickly
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What else?
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New Credit
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You’ve seen all the offers
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Becausenew accounts will hurtyour
scores
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Saving $30 today
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Can cost Youthousands
tomorrow
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Lastly…
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Types of Credit
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Variety Is
Good!
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Maintain a mix of:
revolvingInstallment & secured accounts
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It’s not alwayseasy but it isworth theeffort…
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And If youneedHelp!
I’m always available to help 602-361-0707 Or fixmybrokencredit.com