{"id":727,"date":"2020-09-30T05:26:49","date_gmt":"2020-09-30T05:26:49","guid":{"rendered":"https:\/\/www.talksomuch.com\/?p=727"},"modified":"2020-09-30T05:26:49","modified_gmt":"2020-09-30T05:26:49","slug":"5-factors-to-know-when-it-comes-to-your-credit-score","status":"publish","type":"post","link":"https:\/\/www.talksomuch.com\/5-factors-to-know-when-it-comes-to-your-credit-score\/","title":{"rendered":"5 Factors To Know When It Comes To Your Credit Score\u00a0\u00a0"},"content":{"rendered":"

A good one gets you an apartment, a house, a car, a job, a gym membership, insurance, and a dozen other things like a gas card, a store card, or an Amazon Prime membership. It defines your life. It can disappear in a nanosecond.<\/span><\/p>\n

We all fight to build it, rebuild it, and keep it steady. We use <\/span>the best credit repair companies<\/span> available in our areas. We take out <\/span>bad credit loans<\/span> with which to rebuild it. We’re talking about a credit score.\u00a0<\/span><\/p>\n

We might not always understand what goes into a credit score, or even why it’s necessary. Credit is necessary (a) to prove you’re alive, and (b) having credit of any kind prevents you from living off the grid. Life’s more difficult when you’re searching for a home or transportation, for example, with other than sterling credit. Here are five things to know about credit scores.\u00a0<\/span><\/p>\n

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  1. Payment History<\/b>\u00a0<\/span><\/li>\n<\/ol>\n

    How many years you’ve been paying your bills on time tells the credit bureau what kind of credit risk you pose. You have a track record. This is very important. It constitutes 35 percent of your credit score.<\/span><\/p>\n

    Typical credit vehicles include <\/span>credit cards<\/span><\/a>, loans, student loans, mortgages, and car loans. While utilities aren’t typically considered in credit scores, let them be paid late multiple times, and they’ll impact your credit score negatively.<\/span><\/p>\n