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Your credit score is not just a factor in determining whether you get a loan or a line of credit, it often determines how much you will pay for credit. Typically, the better your credit score, the lower your interest rate. Bottom line, having a healthy score can save you money. Credit scores are calculated from information in different categories. They are, payment history on bills, loans, amounts owed and credit balances. These account for about two thirds of the score. Length of credit history, new credit and types of credit used, comprise the rest. Credit scores range from 300 to 850. A score of 750 or … (6 comments)
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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