5 TIPS THAT MAY RAISE YOUR CREDIT SCORE
Unless you have been living under a rock for the past several years, you know that your credit score is used for practically everything. If you want to rent a home, buy a home, buy a car, get insurance, open a credit card or obtain employment your credit will be checked. The interest rate you receive for your car loan, credit card or home loan will be determined by your credit score. Additionally, you may be denied insurance or employment due to your credit score.
Your credit score is made up of 5 elements. These elements are:
- Payment History
- Credit Indebtedness
- Length of Credit History
- Pursuit of New Credit
- Credit Mix