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How Credit Scores Are Built & Improved - Part Four
Manage episode 455221540 series 3576016
Innehåll tillhandahållet av The Credit Pros. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av The Credit Pros eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.
Understanding FICO credit scores is crucial for financial success. Scores are based on 5 categories, with 'Mix of Credit' and 'New Credit' each contributing 10%. A diverse mix of credit, including installment and revolving accounts, suggests lower risk to lenders. Closed accounts, both positive and negative, can impact one's credit score for up to 10 years or 7 years, respectively.
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