Sentences with phrase «more important factors in your 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.

Not exact matches

The minimum credit score required for a specific mortgage interest rate is a more important factor in an approval.

The credit mix usually won't be a key factor in determining your FICO ® Score — but it will be more important if your credit report does not have a lot of other information on which to base a sScore — but it will be more important if your credit report does not have a lot of other information on which to base a scorescore.

«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.

(For more information on credit utilization read The 5 Most Important Factors In A FICO Score)

10 % of a FICO score is calculated on new credit, (for more on this read: The 5 Most Important Factors In A FICO Score) which means every time you apply for new credit your score will go down by a few poscore is calculated on new credit, (for more on this read: The 5 Most Important Factors In A FICO Score) which means every time you apply for new credit your score will go down by a few poScore) which means every time you apply for new credit your score will go down by a few poscore will go down by a few points.