What is the condition of your Credit Score? So how is your credit score determined? And how can YOU improve it? Your credit score is an important measure of your ability to secure credit. The higher your score, the less risk you are to a lender!
35% of your Credit Score is your payment history
How to improve it: Make all your payments on time or before the due date.
30% of your Credit Score is the amount owed on the credit cards and loans.
How to improve it: Smaller balances on your credit cards can raise your score.
15% of your Credit Score is the length of your credit history.
How to improve it: Time! It will take time be disciplined.
10% of your Credit Score is the Type of Accounts you have.
How to improve it: A good mix of accounts is the best. Installment payments, home loans, retail and credit cards will improve your score.
10% of your Credit Score is recent credit activity!
How to improve it: Steady credit activity is best.
Please pick up the phone and call me if you have any questions regarding your credit and get pre-approved to purchase a new home! Stop throwing money away on rent and become a homeowner to live the Dream.
T.J. Jones BRE # 01434299
661-644-5339
Jonescrestla@gmail.com
http://jonescrestproperties.com
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