There are several important aspects you to definitely credit reporting agencies imagine whenever figuring your credit rating. Here are a few secret problems that will create your borrowing from the bank grab an excellent nosedive:

step one. And then make Later Money

Later money could be the most common reason some one possess an effective straight down credit history. Regarding thirty five% of credit rating will depend on their commission records very the later payment you create can bring your rating down. When you yourself have a history of later repayments, that would be a very strong influence on the total score, while you have ever had a free account head to selections, you to suggestions can be stay on your credit score for seven decades. (más…)