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Working to improve your credit is the FASTEST way to boost your score.
So how do we do it ?
Our Credit Repair Services
Understanding Credit Scores & Their Impact on Financing
Whether you are looking to buy or sell, your credit score can play a major role in your finance approval. By definition, your credit score is a number that reflects your credit worthiness at any given point in time. When a landlord, lender or credit card company is asked to loan money, they run a credit report to determine the amount of risk involved in investing in you, the applicant. Loan approval and the amount of money you are eligible to receive is one of the most critical elements of your Loan transaction – which makes it important to understand how credit scores work. Your credit score is calculated based on a number of different factors.
These factors are broken down below by percentage of consideration :
- The number of new accounts and credit requests you’ve made (10%)
- Your credit risk (10%)
- The length of your credit history (15%)
- Your total indebtedness (30%)
- Your payment history or record of paying your bills on time (35%)
If you have questions about your credit score, Please give us a call, we’d be glad to do a free consultation.