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A Guide to Your Credit Score

Real Estate Agent with Callaway Henderson Sotheby's International Realty

Have you wondered about what affects your credit score and what you can do to improve it? Here's a simplified guide to how your personal finances impact your score.

35% of your score is based on your payment history. Recent late payments impact your score more than late payments further back in time.

30% of your score is based on the balances of your credit cards. The closer you are to maxing out your cards the lower the score in this area.

15% of your score is based on the length of your credit history. The longer you've had a credit history, the more favorable the impact will be on your score.

10% of your score is based on the type of credit. Mortgages are more favorably weighed than credit cards.

10% is based on new credit. It's best not to apply for several credit cards at one time. Too many inquiries can also lower your score. As I mentioned above this is a simplified guide to your score. There are 3 credit scoring companies and each use their own scoring system, but your score from all of these companies should all be fairly consistent. If not, read each report thoroughly and try determine where the discrepancies are and work with the credit company to resolve any issues.

Lisa Ryan, Your Princeton and Montgomery Real Estate Specialist

Disclaimer: The opinions expressed on this real estate blog by The Activerain Network and it's members and those providing comments are theirs alone, and do not reflect the opinions of Lisa Ryan and Henderson Sotheby's International Realty. Lisa Ryan and Henderson Sotheby's International Realty are not responsible for the accuracy or content provided by The Community.


Are you considering a move? It would be my pleasure to help you with your real estate needs. Please don't hesitate to contact me for assistance.

Serving Princeton Boro, Princeton Township, West Windsor, Montgomery Township, Hillsborough, Hopewell Township, Bridgewater, Lawrenceville, Franklin Township, East Windsor, Kingston, and parts of Middlesex County.

Lisa Ryan, REALTORĀ®

Henderson Sotheby's International Realty

34 Chambers Street, Princeton NJ 08542

908.420.5706 (C) 609.924.1000 ext.111 (O)


Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495


Here's an image to go with your well-written post.  Happy New Year to you and yours.  May the new year bring you unexpected love and joy, and much success!

Mike in Tucson

Jan 04, 2011 03:36 PM
Ruthmarie Hicks
Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605 - White Plains, NY

Great issue - well written post. Nice and clear for buyers to wrap their minds around.  However - I like the pie chart that Mike gave you.

Jan 04, 2011 03:48 PM
Jay Schmitt
Keller Williams Keystone Realty - Gettysburg, PA
Gettysburg Real Estate Agent

Wonderful post and information. It has never been more important to maintain a good credit score.

Jan 04, 2011 04:11 PM
Ryan Gale
Long and Foster Realtors - Rockville, MD

It is just so important to keep your credit in line.  ONe late payment can hit your credit like a hydrogen bomb.  Amazing the standards that we are to keep to

Apr 02, 2011 01:57 PM
Dave Sullivan
Real Estate One - Birmingham, MI
Michigan Realtor with an investor viewpoint

Thanks for the information I think Credit Scoring will be with us for a long time.  check out a free website about credit scoring by a 20 + year FICO professional at www.thecreditguy.tv

Jan 24, 2012 01:23 AM
Michael Elliott
Fathom Realty - Burlington Township, NJ
Burlington, New Jersey Residential Sales

Great information here, thanks so much for sharing this important information.

Apr 23, 2024 05:27 AM