Tuesday, April 26, 2011

Understanidng Your Credit Score

• Inquiries only count for 10% of the score.
• Payment history counts for 35% of the score.
• Balance/amount owing counts for 30% of the score. (both revolving and installments)
• Length of credit history counts for 15% of the score.
• New Credit Inquiries count for 10% of the score.

Call Amy Wilson 780-919-0475 or amy@brokersforlife.ca anytime to get a better understanding of your credit and develop a plan to get you A1 credit for the best mortgage rates available!

No comments: