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HTML <html> <head> <title>Tips To Improve Your Credit Score</title> </head> <body> <h1>Tips To Improve Your Credit Score</h1> <div class="info">Author: <a href="author_1_126437.html">Matt Douglas</a></div><div class="body">There are five factors that determine your credit score. Here they are listed with the approximate value they carry in the credit bureau scoring model.<br /> <br /> 1. Payment History (45%)<br /> <br /> This is the area in which negative listings on your credit report are counted. It will help your score if you can remove all the negative listings.<br /> <br /> However even if you have bad credit listed here, if the account is more than 4 years old it will not be weighted as heavily. In addition having positive payment history here will reduce the impact bad credit items have.<br /> <br /> 2. Available Credit to Debt (30%)<br /> <br /> This is your available credit versus the amount of debt you have. It will hurt your score if you are using all of your available credit.<br /> <br /> The credit bureaus like to see credit that is available and not being used. This will tell the bureaus that you use your credit responsibly and are not using all of your credit.<br /> <br /> 3. Length of Credit (5%)<br /> <br /> How long have you been using credit? If you are a newbie to the world of credit you can still have a good score.<br /> <br /> You should not worry about this aspect when it comes to improving your score. Your accounts will age naturally and this will not make or break your score.<br /> <br /> 4. Credit Experience (5%)<br /> <br /> What sort of accounts on your credit do you have. Do you only have an auto loan?<br /> <br /> The bureaus like to see diverse accounts. However this is such a small piece of your score that it is not worth opening up new accounts to show this.<br /> <br /> You will naturally have diverse accounts with time. Your will open accounts such as; mortgage, credit card, car loan, boat loan and etcetera.<br /> <br /> 5. Pursuit of New Credit (15%)<br /> <br /> How frequently are you applying for new lines of credit? Are you continuously having your credit run?<br /> <br /> It will help if you are not looking to open a new line of credit every month. However the bureaus do expect to see a number of inquires.<br /> <br /> Some individuals try and make new purchases using their credit every month. For those their score is going to be damaged because of this.<br /> <br /> The corresponding weight values are estimates. The credit bureaus have secret scoring models, for some reason they do not want that information to be made public. However if you focus your credit repair efforts on available credit to debt, and payment history you will be able to build a good credit score.<br /> <br /> For more tips to <a href="http://www.youcancreditrepair.com/blog/?page_id=48" >improve credit score</a> or check out this article about how to remove <a href="http://ezinearticles.com/?Civil-Judgment---How-to-Remove-Judgments-From-Your-Credit-History&id=1345723" >civil judgments</a>.</div> <div class="source">Article Source: <a href="http://www.articlealley.com/article_685681_19.html">http://www.articlealley.com/article_685681_19.html</a></div> <div class="author"> <div class="authorBio"></div> </author> </body> </html>
Text Tips To Improve Your Credit Score Author: Matt Douglas There are five factors that determine your credit score. Here they are listed with the approximate value they carry in the credit bureau scoring model. 1. Payment History (45%) This is the area in which negative listings on your credit report are counted. It will help your score if you can remove all the negative listings. However even if you have bad credit listed here, if the account is more than 4 years old it will not be weighted as heavily. In addition having positive payment history here will reduce the impact bad credit items have. 2. Available Credit to Debt (30%) This is your available credit versus the amount of debt you have. It will hurt your score if you are using all of your available credit. The credit bureaus like to see credit that is available and not being used. This will tell the bureaus that you use your credit responsibly and are not using all of your credit. 3. Length of Credit (5%) How long have you been using credit? If you are a newbie to the world of credit you can still have a good score. You should not worry about this aspect when it comes to improving your score. Your accounts will age naturally and this will not make or break your score. 4. Credit Experience (5%) What sort of accounts on your credit do you have. Do you only have an auto loan? The bureaus like to see diverse accounts. However this is such a small piece of your score that it is not worth opening up new accounts to show this. You will naturally have diverse accounts with time. Your will open accounts such as; mortgage, credit card, car loan, boat loan and etcetera. 5. Pursuit of New Credit (15%) How frequently are you applying for new lines of credit? Are you continuously having your credit run? It will help if you are not looking to open a new line of credit every month. However the bureaus do expect to see a number of inquires. Some individuals try and make new purchases using their credit every month. For those their score is going to be damaged because of this. The corresponding weight values are estimates. The credit bureaus have secret scoring models, for some reason they do not want that information to be made public. However if you focus your credit repair efforts on available credit to debt, and payment history you will be able to build a good credit score. For more tips to improve credit score or check out this article about how to remove civil judgments. Article Source: http://www.articlealley.com/article_685681_19.html About the Author:
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