Credit score # 3
October 24, 2017
I’m Miriam Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money
M Have you started watching where your money goes more closely? Its all God’s, ours on loan. That’s good reason so spend it carefully and wisely. A low credit score means you’re paying high interest.
V Its good to understand how your credit score is determined Here are two factors: the first is payment history: 35 percent of the total credit score based on making consistent, timely payments. The second is credit utilization: 30 percent of the total credit score is based on a borrower’s credit percentage of available credit versus what has been borrowed.
M Your goal should be to make on time consistent payments. And use a low amount of the credit available to you.