What Really Determines a Good Credit Score

je1196 (sxc.hu)

Almost 60% of people don’t know what determines a credit score.

What people think matters:

Top Five

  • Employment history
  • Interest rates on debt
  • assets/savings
  • Age
  • Where you live

What really does matter:

Top Five

  • Paying on time
  • Amounts you owe
  • How long you’ve had credit
  • New accounts and credit checks
  • The number and type of accounts

Source: VISA

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