Your Credit History (Accounts for 15% of Your Score)
Note that credit history is just 15% of your credit score. It is mainly because this factor isn’t completely under your control. For instance, when you receive your social security number for the first time, you do not have any credit history. So, not much can be done about it. Call Credit Repair New York to repair your credit score today.
Your Unpaid Debts (Account for 30% of Your Score)
This is a significant factor. Unpaid debts are also known as available credit. Your position in terms of the amount of credit you have left or the amount you have used could boost or lower your credit score by as much as 30%. In order to improve this variable, you should use as little of your available credit as possible. You will thank us later, believe us.
Your Credit Inquiries (Account for 10% of Your Score)
This is the next factor. It is a smart move to apply for a loan when you know you will get approved. Keep in mind that too many inquiries may end up sending a negative impression to the three credit bureaus and, as a result, you may have to forfeit 10 percent of your credit score, which is significant. So, you can’t ignore this factor and have to work on it.