p2p Capital Group

September 20, 2007

What is your credit score made up of?

Filed under: Personal Finance — p2pcapitalgroup @ 12:53 pm

Looking to improve your credit score, work on the following 5 areas:

clipped from www.zillowblog.com

  • 35% of the score is based on payment history.
  • 30% of the score is based upon the balances of revolving credit cards, not installment accounts.
  • 15% of the score is based on your credit history.
  • 10% of the score considers the type of credit you have.
  • 10% of the score is affected by the number of inquiries on your credit report.
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