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    Edmundo Daco Jr.

    Good payment history is not the only factor that affects a credit score. Other factors include credit utilization, the length of your credit history, types of credit and the number of new credits. Even if you have a good payment history but you have high credit utilization, short credit history, only one type of credit (maybe jus a credit card), and a lot of new credit applications, then you will still have poor credit score. You must ensure that you have good performance in all the factors that contribute to a credit score to improve your poor credit score.

    Below are the contribution percentage of each factor to the total of your credit score:

    Payment History - 35%

    Credit Utilization - 30%

    Length of Credit History - 15%

    Types of Credit - 10%

    New Credits - 10%

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