Sentences with phrase «represented by your credit score»

Once that is done, an algorithm is used to reduce all of that information down to the single number represented by your credit score.

This decline in the serious delinquency rate among more recent vintages of mortgage originations partly reflects tighter lending standards as represented by credit scores associated with mortgage originations.

Not exact matches

But the most important factor is your credit profile, which is represented — accurately or not — by your credit score.

With their help you can learn which of the lines on your credit score represent untruths and watch as they correct them, line - by - line.

The credit score is a metric of behavior model that represents only the likelihood that a lender will make a profit by doing business with you.

FICO, the company that compiles and reports credit scores, says that payment history represents 35 % of your credit score — meaning that even a single reported delinquent payment can drop a score by up to 100 points.

Credit history represents 35 % of your credit score, so you can improve your credit by establishing a consistent history of regular, on - time payCredit history represents 35 % of your credit score, so you can improve your credit by establishing a consistent history of regular, on - time paycredit score, so you can improve your credit by establishing a consistent history of regular, on - time paycredit by establishing a consistent history of regular, on - time payments.

For instance, the FICO credit scoring model — the calculations used by the majority of lenders and creditors in the United States — ranges from 300 up to 850, with 850 representing the highest possible credit score.

That said, inquiries by credit card companies to establish new lines of credit CAN hurt your credit score because they represent a potential liability that can grow over time and impact your ability to make payments.