Wonder what your credit score looks like, or what it means to a lender? Where do you fit in? Tagrid has done an excellent job at explaining credit scores relating to home mortgages.
I have disabled comments, please go to Tagrid's post to make comments.
Your Credit Score Evaluation
Understanding your credit scores is the key to your success with restoring your credit and obtaining good credit.
How is your credit evaluation?
- Impeccable credit?
- Excellent credit?
- Good credit?
- Fair credit?
- Poor credit?
Some of my clients have excellent credit scores with minor blemishes, but want to exceed the 800 plus score mark. Kudos to my clients who care about restoring their credit scores and improving the level of their credit portfolio.
What determines your credit scores?
35% of your credit score is based upon your credit history.
30% percent of your credit score is based on the amount you owe
15% of your credit is made up of the length of your credit history
15% of your credit score is made up of the types of credit you use.
10% of your credit score is determined by new credit.
The question lies with you, where do you want your fico scores to be? Do you want to continue to pay:
- Higher interest rates
- Expensive car insurance premiums
- Larger deposits for renting a property
- The uncertainty of your job application
Paying more for almost everything is the cause and effect of bad credit. Are you ready to start your personal challenge by repairing your credit?
Contact us for a free consultation!
First Pro Capital
301 Clematis Street Suite 3000
West Palm Beach FL 33401
Office: 561.802.4445 or 866.885.5131
Meet us in Chicago IL, Naples FL and Palm Beach County
Copyright of First Pro Capital Inc. Company logo, photos and business materials used for our blogs are rightfully owned by First Pro Capital. Copyright Infringement is Identity Theft, which is unlawful in any jurisdiction.