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Personal Credit Help

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What No One Tells You

After becoming an adult, using the credit system eventually becomes unavoidable. It does not matter if you are a responsible person and live within your means and pay all your bills on time. If you have not established a personal credit history, it can become near impossible to get a loan, purchase a home, a vehicle, or other large purchases until you have established a credit history and until that credit score is a certain number and above.

If you have already established a credit history but that history has any negative items being reported, that also can hold you back from getting loans and making other large purchases that you might need to make.

What Factors Destermin Your Credit Score

No one can see the future. No one can tell when you might need to acquire funding. No one can tell you when you might have a large medical debt or need to cover the cost of something unexpected happening to you or a loved one.

Payment History


  • This is the big one. Payment history comprises 35% of your score. FICO forecasts future long-term behavior based on your past long-term behavior. This also means they monitor your loans from personal, to mortgage, to student, along with your credit cards. Tommy Lee, principal scientist at FICO, states that “FICO scores consider the frequency, recency, and severity of reported missed payments.”This means one of the best ways to improve your credit score is by making your payments on time, and consistently..

Credit Utilization


  • The second biggest factor is Credit Utilization, coming in at 30% of your total score. Credit Utilization is the percentage of credit that has been borrowed.

    Maintaining a low credit card balances is essential to having a good credit score.Frequently maxing out your cards or using close to all of your credit limit, is viewed as higher risk activity.

Credit Mix


  • The final 10% of your score is comprised of a mixture of different things.FICO states that historical data indicates that borrowers with a good mix of revolving credit and installment loans generally represent less risk for lenders.
    Tommy Lee of FICO also stated “People with no credit cards tend to be viewed as higher risk than people who have managed credit cards responsibly.Having credit cards and installment loans with a good credit history will help your FICO scores.”

New Credit


  • New Credit only makes up 10% of your score, but that does not mean opening several accounts at once will improve your score.

    Doing so can also suggest high risk behavior, and should be taken into account when trying to achieve a high score.

Credit Length


  • Taking up 15% of your score calculation is your Length of Credit History.

    This means not just the length of time your accounts have been open, but length of time since your most recent actions on each account.

We Get The job Done

Think of us as the GPS guiding you where you need to go. We have helped many people just like you and have no plans on stopping anytime soon. Don’t live in Atlanta?

Don’t worry, most everything we do is done over the phone and via email, so your credit health does not depend on your geographic location! If you want to book our founder Darvin Moore for a training seminar, reach out to us vai the contact us page.

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Book A Free Appointment: 414-348-5144