Healthy Finance

Weighing in on credit

Written by Healthy Living

Five factors are involved in evaluating what’s contained in your credit score. They each weigh on your credit score differently:

Payment history looks at how consistently you pay monthly payments: 35 percent.

Debt utilization ratio figures the debt you’re holding against the debt you have with all your available credit: 30 percent.

How long you have used your credit figures in next: 15 percent.

How many times your credit profile has been viewed during the past year to consider the debt you’ve taken on: 10 percent.

The type of credit you are using (mortgage, car loan versus high-interest store cards): 10 percent.


About the author

Healthy Living

Healthy Living is unique in a sea of health magazines that only present information on nutrition and exercise. Published by Akers Media Group, Healthy Living goes much farther by focusing on the four pillars of a true wellness — physical, mental, spiritual and financial health.

Healthy Living promotes a healthy, well-balanced lifestyle with easy-to-read features, try-it-at-home exercise programs, and expert advice from financial planners, mental health professionals, and a variety of other leaders in their respective fields.

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