Sunday, December 18, 2011

Did You Know?


Credit scores

- They generally range from 300 to 900 points
- Impacted by several factors
- How they all relate/interact to one another varies for each person and their individual circumstances

A typical score incorporates the following:

- 35% paying accounts on time
- 30% credit utilization
- 15% payment history
- 10% number of inquires
- 10% types of credit

All information stays on your credit report for 6 years from the date of last activity. Orderly Payment of Debt is the exception.

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