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All About Your Credit Score

All About Your Credit Score. And the questions you may ask. By: Bethany Palmer. Questions you may ask. How can you boost your credit score? How do I build my credit history? How is your credit score determined? What is a good credit score? Why is having a good credit score important?

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All About Your Credit Score

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  1. All About Your Credit Score And the questions you may ask.. By: Bethany Palmer

  2. Questions you may ask • How can you boost your credit score? • How do I build my credit history? • How is your credit score determined? • What is a good credit score? • Why is having a good credit score important? • What are the 4 C’s of Lending?

  3. What is a good credit score? • EXCELLENT = 750 • VERY GOOD = 720 & higher • ACCEPTABLE = 660 - 720 • UNCERTAIN = 620 - 660 • RISKY = > 620 750

  4. Why is having a good credit score important? • Saves you money • More credit is available to you • Credit decisions are fairer • Credit “mistakes” count for less • Receive loans faster • Credit rates are lower overall

  5. How is your credit score determined ?

  6. How can you boost your credit score? • Pay your bills on time • Get caught up on missed payments • Stay caught up on payments • Pay off debts • Keep balances low on credit cards • Have credit cards but manage them responsibility

  7. How do I build my credit history? • Apply & open one new credit card • Charge small amounts & pay them off every month • Open a secured credit card

  8. The 4 C’s of Lending • Capital • Capacity • Character • Collateral

  9. THE END

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