October 14th, 2021 12:51 PM by Shawn Smith NMLS#863501
AND THE FACTORS THAT INFLUENCE IT
Length of Credit History
Amounts Owed
Types of Credit in Use
New Credit
Payment History
Timeliness of your payments is the single biggest contributor to your credit score. It's important not only to make your payments, but also to make them by their due dates.Tip: Have a system in place to assure your bills are always paid on time. Set up automatic withdrawals where appropriate.Tip: Keep a cash reserve account to cover payments during possible interruptions to your income.
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