KCMBlog.com has posted an excellent explanation of credit scores. I encourage you to visit the website to read the information in full, but I am going to post what actually makes up the score. Very interesting!
35% is based on payment histories
30% is based on amounts owed (yikes for me)
15% is based on length of credit history
10% is based on new credit and inquiries
10% is based on the type of credit used
VERY GOOD INFO TO KNOW! Please visit http://www.kcmblog.com for more details!
Showing posts with label FICO. Show all posts
Showing posts with label FICO. Show all posts
Thursday, December 16, 2010
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