BAP Blog 
Apple Valley CA Real Estate - If You Are Concerned About Your Credit Score, This Information Could Help You Improve It
Apple Valley CA Real Estate - If You Are Concerned About Your Credit Score, This Information Could Help You Improve It
If you are concerned about your credit score, there is new information about what credit scoring companies deem important. One change that is being made is that there is a significantly more negative importance on a person that carries their credit balance near the limit. Experts are suggesting that people try to keep all balances owed near 30% of available credit. Another important fact is that you should never close an account with a zero balance. If you close the account, it can alter your total Debt to Credit ratio. It works in your favor to have a long credit history. Also, do not apply for too many credit cards, especially from companies that do not set a spending limit. To raise your score, always pay your debts ON TIME. Your payment history makes up 35% of your score. A late payment can actually drop your score by up to 100 points and these late payments could last on your report for seven years. Bankruptcies last for ten years. If your score is below 620, people assume you are a bad risk resulting in credit denial and even sub prime interest rates, higher home insurance premiums, and possible checks form landlords that might deny a lease. To order free reports go to annualcreditreport.com.
For your entire Apple Valley CA Real Estate needs: visit our web site at http://www.RealEstateAppleValley.com
-
Comments
-
Printer version
-
Related Posts
Tags:
