seenavincent's blog

In out last blog we have seen the importance of free
annual credit check, free
annual credit rating, free
annual credit report online, Free
annual credit reports, free
annual credit score. Now we will see how your credit score / rating is
arrived. There are several factors that control your credit
score.

Punctuality of payment - 35% ? punctuality of payment in
the past. If you have failed to repay an installment then you loss some points.
So be punctual.

Amount of debt - 30% ? the amount of debt, expressed as
the ratio of current revolving debt to total available revolving credit. In
simple the ratio of what you have to what you owe.

Length of credit history - 15% ? length of credit history. The
longer you have good records the higher will be your score.

Types of credit used - 10% ? types of
credit used,

Credit obtained recently - 10% ? recent search for credit and/or
amount of credit obtained recently. The latest activities will count.

Also read - Free
annual credit reports