CMST 3060 Chapter : CMST 3060 Speaking Outline CREDITREPORT
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Things you can do / good credit score. According to an article written by anisha sekar, (2014) at nerdwallet. com. High spending raises your debt utilization ratio, or the ratio of your balance compared to your overall credit limit. It scares lenders if you"re consistently on the verge of exceeding your limit, and ideally you"ll want to stay below 30%. This gets tricky and oftentimes impractical if you have a low credit ceiling. With a limit, you theoretically wouldn"t want to charge more than at a time, even if you consistently pay it off . Iv: understanding components of c. s, r direction for strengthening credit, opening a b account. 5 factors : your payment history, the amounts owed, the length of your credit history, new credit and types of credit that is used. Your payment history accounts for 35% of your credit score. myfico. com has a pie chart that declares this.
