credit assessment 2018: How Payment History Impacts Your Credit - 03/11/19 09:22 AM
 
Your timely payment history has a 35% impact on your credit score. Paying debt on time and in full has a positive impact. Late payments, judgments, charge-offs, collection accounts, and bankruptcies have a negative impact. If you have had any bankruptcies within the last 7 years, it will seriously affect your ability to borrow or establish new credit accounts.  If you have had any judgments within the last several years, it is very important that you pay off the judgment and get a "satisfaction of judgment" from the court. Any unsatisfied or recent judgments will make a bad dent in your … (1 comments)

credit assessment 2018: How to Improve Your Balance-to-Limit Ratio - 12/10/18 09:39 AM
 
Your balance-to-limit ratio looks at the balance you owe vs. your available credit lines.  This has a 30% impact on your score. Keeping your credit balances below 50% of your available limit is very important. Keeping your balances below 30% of your available credit is even better.
For instance, if you owe $10,000, and you have $100,000 of credit available to you, you are only using 10% of your available credit line. On the other hand, if you owe $10,000 and you only have $10,000 available to you, you have "maxed out" your available credit and your credit scores will be … (1 comments)

credit assessment 2018: How to Improve Your Credit Score - 09/04/18 06:23 AM
   
Your credit scores usually determine the price you pay for your money (your mortgages, your auto loans and leases, your credit cards, business loans, etc.). Perhaps the most significant part of your credit report is your credit score. Credit scores range from 350 to 850, with 850 being the best possible credit score that you could receive, and 350 being the worst possible credit score. There are five factors that determine your credit score:

Your Payment History: 35% impact on your credit score Paying debt on time and in full has a positive impact. Late payments, judgments, charge-offs, collection … (2 comments)

credit assessment 2018: 3 Things You Should Know About “Trended Credit Data” - 06/18/18 08:21 AM
1 – What is it?
“Trended Credit Data” is an analytical tool that helps lenders better evaluate your spending habits.  It’s a detailed analysis of the last 24 months of your credit history, including:
Month-by-month balances on your credit cards and other debts; and, The difference between your scheduled minimum payment and your actual payment amount.  
2 – Why does it matter?
Mortgage lenders are now required to use “trended credit data” when they evaluate your loan application.  This helps them to spot trends including:
Do you typically max out your credit cards; and if so, which ones? Do you typically you pay … (1 comments)