Chapter 2: Factors Affecting Credit Score

Factors Affecting Credit Score Chapter Image

Table of Content

Understanding Credit Scores

  • Overview of what a credit score is and how it's used by lenders.

Payment History

  • Importance of making payments on time and how late payments can affect credit score.

Credit Utilization

  • How using a high percentage of available credit can negatively impact credit score.

Length of Credit History

  • Why having a longer credit history can positively affect credit score.

Types of Credit and New Credit

  • How having a mix of different types of credit and recent inquiries can influence credit score.

Next Chapter


Start Next Chapter