This tid bit was shared via Aja Williams, friend of the Debt Free Divas. We like to pass good information along. Enjoy!
If you’ve ever thought “how can I get my credit score up” or “Is my credit score good or bad?” Read on!
Credit Score is a combination of: 35% payment history, 30% amount you owe, 15% length of your credit history, 10% inquiry or new credit and 10% types of credit used. So how do you boost your credit score??? PAY YOUR BILLS ON TIME – 35%!
Credit Score rating breakdown:
Good score 675-719
Fair score 621-674
Poor score 620-below