Want to understand your credit score? Your credit score is comprised of six factors, each weighed differently. In this video I discuss one of the most important factors of your credit score, your Credit Utilization rate. See, there are six factors that have affect your Credit Score and can make it range from 300 - 850.
Typically, most credit rating agencies use the following model:
35%: Payment history
30%: Utilization Rate
15%: Length of credit history
10%: New credit and recently opened accounts
10%: Types of credit in use
Subscribe for the next 5 parts in the series where we will go into the rest of the details!
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