Three Small Credit Score Factors To Guide You To Financial Safety
Posted on January 3, 2008 - Filed Under Finance | Leave a Comment
In previous articles, I have talked about the two main components that affect your credit score, Past Delinquencies (35%) and Revolving Debt Ratio (30%), but know that these are not the only ones. The lesser-known factors that make up your credit score include the Average Age of Credit File, Mix of Credit and Inquiries. These three should not be ignored, especially if you are trying to build your credit. I will explain how each one works and how to use them to your advantage.
Average Age of Credit File (15%)
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