Why is your credit score important?
Posted by Alfonso "Fonz" Salazar on
Everyone is always concerned about their credit score; and it is understandable why. Your credit score can determine whether you get that brand new car you've always wanted, a house for you and your family, and even keep you from insurance and employment. First you need to understand what makes up your credit score.There are 5 factors that determine your credit score:
- previous credit performance
- current level of debt
- the time that the credit has been in use
- the types of credit available
- and the pursuit of new credit
We are going…
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