- Your
payment history... Whether you paid credit card
obligations on time.
- How much
you owe... Owing a great deal of money on numerous
accounts can indicate that you are over extended.
- The
length of your credit history... In general, the longer
the better.
- How much
new credit you have... new credit, either installment
payments or new credit cards, area considered more risky, even if
you pay promptly.
- The types
of credit you use... Generally, it's desirable to have more
than one type of credit, installment loans, credit cards and a
mortgage for example.
-
Information on improving your credit...
For more information about credit
scores, follow this link...http://www.myfico.com/CreditEducation/CreditScores.aspx |
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