Wrap Up Credit Scores

In summary, your credit score is a comprehensive analysis of your payment history, utilization rate, credit age, new credit, and credit mix. These factors are used by lenders to determine what kind of loans you are eligible for and how much you have to pay for them. While it may seem far away now, the actions that you chose to make right now may affect the type of cars, houses, and other major assets you might want to purchase later in life.

If you need additional assistance with understanding credit and applying it to your personal situation, please feel free to schedule a one on one appointment with us.  You can schedule at https://ninerfinances.charlotte.edu/appointment-or-workshop Links to an external site.

All Chapters:

[Chapter 1]: What Are Reporting Agencies?

[Chapter 2]: What Determines My Credit Score?

[Chapter 3]: What Can Hurt My Credit Score?

[Chapter 4]: What Won't Affect My Credit Score?

[Chapter 5]: How Do I Manage My Credit Score?