Sentences with phrase «greatest factor in your credit score»

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It is a common misconception that credit scores are the key factor in the approval process, but the truth is aspects like rate of interest and the debt - to - income ratio have a far greater influence over the matter.

We explore these five factors in much greater detail and discuss ways to improve your score in our exhaustive Guide to Credit Scores.

In fact, there is a small number of factors that play a far greater role in securing loan approval than a credit scorIn fact, there is a small number of factors that play a far greater role in securing loan approval than a credit scorin securing loan approval than a credit score.

But ultimately, your income and the more important factors in your credit score, namely payment history and utilization, will have a far greater effect in whether or not you get approved for a given card.