Keller Williams Success Realty - Barb Bloomfield

Savvy Homebuyer question of the week:
What makes up your credit score?

Here are 5 Key elements of your credit score:

35% of your score = Payment History
Do you make your payments on time?

30% of your score = Total Debt
How much of your available credit has been used?

15% of your score = Length of History
How long have you had a credit history?

10% of your score = Credit Mix
Do you have more than one line of credit?

10% of your score = New Credit
Have you opened any new credit recently?

If you have any questions or would like more information, please feel free to reach out. I’m never too busy to help and remember, education is the first place to start.

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