what affects my credit
DESCRIPTION
Really what affects credit and how to get it up - or simply go to http://www.fixmybrokencredit.comTRANSCRIPT
How do we avoid
THIS?
What’s
Most
Important?
Payment History
It’s in that obvious categorybut it’s still worth saying…
Have a system that assures you pay your bills
without fail
And do iton time…every single month
2nd
Amounts Owed
When it comes to credit scores“Common Sense”
Does not always apply
So it’s actually best to have high credit lines
with low balances
Length ofHistory
Once again,“Common Sense”
Has left the building
Do NOTclose old accountsLonger history on accounts paid timely
= better scores
So use them on occasion
Then pay them off quickly
What else?
New Credit
You’ve seen all the offers
Becausenew accounts will hurtyour
scores
Saving $30 today
Can cost Youthousands
tomorrow
Lastly…
Types of Credit
Variety Is
Good!
Maintain a mix of:
revolvingInstallment & secured accounts
It’s not alwayseasy but it isworth theeffort…
And If youneedHelp!
I’m always available to help 602-361-0707 Or fixmybrokencredit.com