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Credit Score Scale Factors: Payment History
Our credit counseling and debt management services aren’t designed to improve one’s credit score, though they often have the side effect of improving our clients’ credit. We do educate consumers about...
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Credit Score Scale Factors: Amounts Owed
While our credit counseling services don’t address credit scoring or impact one’s credit report, we do offer education on credit reporting and improving one’s own score over time.In this second part of...
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Credit Score Scale Factors: Length of Credit History
We’ve talked about how your payment history and amounts owed affect your FICO score. Now in part 3 of this series, we’ll talk about length of credit history and how it affects your credit score.Length...
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Credit Score Scale Factors: Types of Credit Used
In this series, we’ve been looking at the specific factors that go into calculating one’s credit score. In part 4, we’re going to look at Types of Credit Used.10% of your FICO score is based on the...
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Credit Score Scale Factors: New Credit
In this 5th part of a series, we’re looking at the final factor in one’s credit score: New Credit.“New Credit” accounts for 10% of your score, like “Types of Credit Used.” However, FICO has suggested...
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Credit Score Scale Factors: What’s Not Included
We’re completing a series that examines FICO scores in depth; so far we’ve covered each of the five major factors that are used to calculate one’s score.To conclude the series, we’d like to look at...
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Facts & Figures about Credit & Credit Scores
Infographic: facts & figures about credit & credit scores Credit scores are a huge part of every consumer’s financial life. Whether you can get a place to live, a job, a loan, insurance, or...
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