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The Five Most Important Factors That Affect Your Credit Report & Score

credit Jul 27, 2018
How to Obtain a Copy of your Credit Report & How to Obtain a Copy of your Credit Scores 
Credit repair can help improve your personal financial situation and help you achieve your goals. You can improve your credit report by seeking the services of a credit repair professional. These professionals are experts in their field and can help increase your credit score to improve your chances of obtaining credit.

There are five main factors that affect your credit score. This score determines whether you are likely to be approved for a loan or credit card.
Payment history 
If you have a consistently good record with making payments on time you will be viewed as reliable and a more ideal candidate for credit 
How much you currently owe
Depending on how much you owe will determine how much your credit score will be affected. A lower credit score will be given to those that have almost used up or completely used up their current credit allowance. 
How long have you had credit?
It is favorable to have had credit for a longer amount of time. This allows lenders to determine whether you are capable of still making payments in times of hardship and stress.
Your last application for credit
If you have had recent credit applications, this will be perceived as being heavily dependent on this money which can affect your credit score negatively.
Type of credit you have
A higher score is given to people with a range of different credit from various lenders. This shows credit agencies that other loan issuing companies have perceived you as a reliable applicant.
Credit repair services identify mistakes and incorrect information in your credit report. If there are genuine mistakes found they can be fixed and removed with the services of a credit repair agency.
If you are having financial difficulties because of your bad credit rating, enlist the services of a credit repair specialist. Knowledge is the key in achieving the best results.



Written by Gabriel Brown of Vivix Credit Solutions

Shared with Permission  April 2018



 Vivix Credit Solutions

Call Now to Speak to one of our Credit Experts 702-434-4414

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