Building Your Credit Profile

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Your True Credit Savings

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Daniel D
Date: Aug 02, 2009

Thanks Agela Team! I checked my credit scores today and found I had gone from 630 to 735! Your assistance has been invaluable - my wife now has a score in excess of 800!

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Build

It's much easier to start with good habits than to repair black marks later on.

Restore

You are invited to the most effective program available to clear mistakes made by creditors.

Protect

Once you have obtained excellent credit, it is necessary for you to protect it.

Building Your Credit Profile

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Know How Credit Scoring Works

Scores are between 300 and 850
The FICO model is set up to place more value on current behavior than on past behavior
The five most important factors:
1. The frequency, how recent and the severity of past delinquencies all play a factor in your payment history.
2. The higher your ratio of debt to your available credit the lower your score is.
3. Your score considers both the age of your oldest account and the average age of all of your accounts.
4. How many accounts you have applied for recently, how many new accounts you have opened, how much time has passed since you applied for credit and since you last opened an account.
5. The types of credit you use.

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