Having a good credit score is like being a member of an exclusive club. You have access to low interest rates and the ability to borrow with little to no problems. But how is your credit score calculated? Your credit score takes 5 things into consideration: your payment history, amounts owed, length of credit history, new…
Tag Archive: credit score
8 Credit Myths That Can Affect Your FICO Score
Last week I had discussed how you can and should access your credit history report for free to verify there are no errors. Your credit score plays an integral part in whether you are approved for either a mortgage, credit card and other loans. FICO is the score developed by Fair Isaac ranging from 300-850…
