5 Components that Determine Your Credit Score

By
Real Estate Broker/Owner with Pocono Mountain Lakes Realty RB 066506

Mortgage Network 

 

1. 

35% of your score is derived from payment

history, collections and public records.

2.

30% of your score is derived from outstanding

balances being carried on accounts.

3.

15% of your score is derived from the length of

their credit history.

4.

10% of your score is derived from what types of

credit they have.

5.

10% of your score is derived by the frequency

and number of inquiries.

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Topic:
Lending / Financial
Location:
Pennsylvania
Groups:
Local Expert
Out Of The Box!
Posts to Localism
Second Homes
The Ninety-ninth Percentile
Tags:
credit scores
qualifying for a mortgage
pa mortgages
pocono lake pa real estate
pocono lake real estate
pocono mountain homes for sale

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