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5 Ways to Help (or Hurt) Your Credit Score |

Getting the best interest rate on a loan comes down to one important number: Your credit score.

What Is It?

A credit score is a three-digit number generally ranging from 300 - 850. The higher your score, the better credit risk lenders think you are. And that means you'll pay lower interest rates on loans. That number can go up and down based on the way you handle your financial...

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Date: 2018-03-31 00:30:04

How to Gradually Build Your Credit Score |

Understand Your Credit Score

To build up your credit score, you need to know what kind of factors it takes into account.

Your credit score is comprised of five different factors, each of which is weighted differently:

Payment history (35%)

Length of credit history (15%)

Type of credit used (10%)

Amount of new credit opened (10%)

Don't Be Late

The number one thing you can do to improve your credit...

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Date: 2019-03-23 02:37:14

VA and Credit Repair: The Quickest Way to Recovery ...

Credit Inquiries               10%

Payment History

The category that affects a credit score the most belongs to the payment history of the borrower. The scoring algorithm determines that if the borrower's payments were made on time and if they weren't, how late were they? Late payments are noted in terms of more than 30 days late, more than 60 and more than 90. If a payment is more...

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Date: 2019-03-24 16:55:53