| Your credit score is very much the same as the score | | | | your score. The more credit cards you have maxed |
| you get on an exam. You get points for every positive | | | | out, the lower score you get. Keep your credit card |
| and points taken away for every negative. Most credit | | | | balances twenty-five percent below your limits. |
| scores ranged from 300 to 900, and just like any other | | | | 3. The longer credit history you have, the higher score |
| score, the higher you get, the better. Several factors | | | | you get. It is an important factor to build your credit |
| affect your credit score both positively and negatively. | | | | through time. |
| Factors that positively affect your credit score: | | | | 4. The more times you apply for loans and credit |
| 1. Bills paid on time and in full. | | | | cards, the more inquiries will show on your credit |
| 2. Using at least twenty-five percent or less of your | | | | report. A higher credit report inquiry could indicate that |
| credit available. Preferably, you should have a balance | | | | you are financially struggling or may have many debts. |
| of not more than $2,500 if your credit limit is $10,000. | | | | To make the most of your credit, you have to know |
| 3. A regular employment creates a positive effect on | | | | exactly the calculations of your score. It is important to |
| your credit. People who are regularly employed are | | | | check your credit report for errors and apply to the |
| viewed as better able to pay bills on time. | | | | relevant parties to delete or remove erroneous |
| Factors that negatively affect your credit score: | | | | information. If you have a separated partner whom |
| 1. Missed payments or even late payments. | | | | you are financially tied to who has a low credit rating, |
| 2. Using more than eighty-percent of your whole credit | | | | you could apply for a notice of disassociation put on |
| available. | | | | your credit report. If a very low credit rating has a |
| 3. Declaring bankruptcy has a very adverse effect on | | | | reason, such as unemployment that resulted in missed |
| your credit, and plunges down your score at its lowest. | | | | payments and court proceedings, you can apply to |
| The same goes with a foreclosure. | | | | have an explanation note on your report that lenders |
| 4. Unemployment periods will result in an even lower | | | | could take into consideration when evaluating your |
| credit score for you. | | | | credit application. |
| 5. If you request too many new credit lines, this could | | | | If you find yourself in a situation where you are finding |
| affect your credit score negatively. | | | | it hard to manage your debts, there are some |
| Major Factors that Could Affect your Score: | | | | organizations that could help you. These organizations |
| 1. The major factor that affects your score is your | | | | could provide you with advice and even assistance |
| payment history. If you have more current good or | | | | through this predicament. If you want to maintain or |
| bad payment history, the more relevance it will be fore | | | | even improve your credit score, then it is necessary |
| your score. | | | | that you pay your bills on time and keep all your |
| 2. Your outstanding debt also factors a great deal on | | | | balances low. |