Sentences with phrase «important factor in one's credit score»

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.

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 availability.

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.

Preferably, the two oldest accounts should remain open, since length of credit history is the third most important factor in credit score computation.

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.

How long you've been using credit is another important factor in your credit score, making up 15 % of it, according to myFICO.

The length of your credit history is the third most important factor in your credit score.

Utilization ratio is the proportion of your overall credit limit to your available credit, and it is an important factor in your credit score and history.

The single most important factor in your credit score is making on - time payments.

One important factor in your credit score is your current debt to credit ratio.

On - time payments are critical to a good payment history, which is the most important factor in your credit scores.

Conclusion As we have seen, your credit utilization score is an important factor in your credit score.

Your credit utilization ratio (the percentage of your credit you're using) is an important factor in your credit score; the lower it is, the better.

The second most important factor in your credit score is your credit utilization.

Because your payment history and appropriate payment behavior is the most important factor in your credit score, it is critical to understand the consequences of missing a payment, even by only a month.

However, please be aware that payment history is the most important factor in your credit score.

Please be aware that payment history is the most important factor in your credit score.

How long you've been using credit is another important factor in your credit score, making up 15 % of it, according to myFICO.

Arguably, the most important factor in your credit score is your payment history, which accounts for 35 percent of your FICO score.

«Because paying bills on time is the most important factor in a credit score, going from paying one or more bills late each month to paying all on time could show an improvement in one to two months,» says Kevin Gallegos, vice president of Phoenix operations for Freedom Financial Network.

And since payment history is the most important factor in your credit score, your encouragement can help keep your child on the right path to building credit.

One of the most important factors in your credit score is your credit utilization ratio.

It can enable you to get an unsecured card within a year if you make all your payments on time — the most important factor in your credit score.

One of the most important factors in your credit score is the average age of credit.

Once you pay off your credit cards you'll have a lower credit utilization ratio, which is an important factor in your credit score.

The most important factor in your credit score is your payment history.

In fact, your credit utilization is the second most important factor in your credit score, behind your payment history.

But by adding available credit, you will lower your balance to credit limit ratio (the most important factor in your credit score).

Paying back your credit card and loan balances on time is the most important factor in your credit score.

Payment history is the most important factor in credit scores.

Besides temporarily lowering your score for each application you submit, opening a new card lowers the average length of your credit history — which is an important factor in your credit score.

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.

Also called credit usage, it is the second most important factor in credit scores and accounts for 30 percent of a score.