Sentences with phrase «important factor in credit scoring calculations»

Credit utilization — the amount you have borrowed compared to your credit limits, where lower is always better — is the second most important factor in credit scoring calculations, after making on - time payments.

Credit utilization — the amount you have borrowed compared to your credit limits, where lower is always better — is the second most important factor in credit scoring calculations, after making on - time payments.

Credit utilization is the second most important factor in credit score calculations — it's 30 % of your score.

This is why the length of your credit history is the third most important factor in your credit score calculation.

The amount of credit you have available to you is the «credit» part of your debt - to - credit ratio, which is an important factor in credit score calculations.

Not exact matches

First, since your credit utilization rate is an important factor in the calculation of your credit score, focus on paying down and ultimately paying off your debt by not adding any new debt to your credit cards.

That's because in the calculation of your FICO score, how much money you owe to lenders is the second most important factor in calculating your credit score.

Credit card utilization — the second most important factor in credit scoring after making on - time payments — isn't just a single calculation made up of your total card debt and total credit card availabCredit card utilization — the second most important factor in credit scoring after making on - time payments — isn't just a single calculation made up of your total card debt and total credit card availabcredit scoring after making on - time payments — isn't just a single calculation made up of your total card debt and total credit card availabcredit card availability.

Another important factor taken into account in calculation of your credit score are credit card balances.