Wednesday, September 28, 2011

Did You Know?

Did you know that FICO scores are evaluated by 5 main categories of information? Category 1: Payment history = 35%. Late payments, collections, and bankruptcies all affect your payment history. It is important to make on time payments in order for the accounts to reflect "paid as agreed" status. Maintaining a positive payment history will help ensure competitive interest rates and optimal terms when applying for credit.

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