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Credit Score Basics

April 24, 2016 by Managed WordPress Migration User

credit score

Credit Score Basics

A credit score is based on the information drawn from your credit report and there are many different individual factors that are used to determine your score.

Doug and Tammie go over some of these factors to help breakdown what your score is telling creditors.

What makes up your credit score?

  • Payment History: Makes up 35% 
  • Outstanding Debt: 30%
  • Credit History: 15%
  • Pursuit of New Credit: 10%
  • Types of Credit In Use: 10%

Audio: Credit Score Basics

https://smartwithyourmoney.com/wp-content/uploads/2016/04/200.3_4.24.16_CreditScoreBasics.mp3

If you would like the Credit Score Basic Chart fill out contact form below and be sure to add in the comments, “Credit Score Chart”.  We will email it to you directly.  *Note: Your email is kept private we will not sell your email address.

[contact-form][contact-field label=’Name’ type=’name’ required=’1’/][contact-field label=’Email’ type=’email’ required=’1’/][contact-field label=’Comment’ type=’textarea’ required=’1’/][/contact-form]

Understanding the breakdown of your credit score is half the battle. Improving and maintaing good credit is the other half.  Getting solid advice on how to do that can be a challenge.  Doug has coached many couples and individuals over the years.  He himself has climbed out of the worst credit score possible and made it back on top in record time.  You can do it to!

Call Doug today at 314-472-3684!

https://media.blubrry.com/smart_with_your_money/smartwithyourmoney.com/wp-content/uploads/2016/04/200.3_4.24.16_CreditScoreBasics.mp3

Podcast: Play in new window | Download

Filed Under: Consultant, Consumer View, Credit Repair, Financial Advisor, Mortgage, Personal Finance Tagged With: Credit Score, Doug Haldeman, Payment History

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  1. The 4 C's of Underwriting - Smart With Your Money says:
    June 11, 2017 at 3:14 pm

    […] spoken about credit many times, and it is important to understand. Read some other blogs we’ve written to help get […]

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Call or Text: (314) 472-DOUG (3684)
Email: [email protected]
Visit: 1120 Wolfrum Rd #201, Weldon Spring, MO 63304

Guild Mortgage Company, LLC is an Equal Housing Lender Company NMLS #3274. Individual NMLS #298419. 1120 Wolfrum Rd, Ste 201, Weldon Spring, MO, 63304. Doug Haldeman is an employee, but Tammie Haldeman is NOT an employee of Guild Mortgage Company, LLC. www.nmlsconsumeraccess.org
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