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IT'S THE END OF JULY!!! LET'S START TO GET YOUR FILE ON TRACK FOR THE NEW SCHOOL SEASON IN SEPTEMBER AND XMAS SEASON!!! What really effects your FICO score? EVERYTHING~~~!!! Inquiries When you have given someone permission to pull your credit to make a decision or when you get those special offers in the mail that you didn't even solicit. Someone is checking your credit. History How long you have been using credit. How long credit has been offered to you. How long you have been paying off loans. Available Credit How much credit you have available to you, not how much you are using but what is available to you in the form of revolving credit. For example, store credit, personal credit cards, lines of credit on your home etc Debt The "revolving" debt you are currently carrying in your personal name and the balances you carry on your credit cards. Collateralized loans on cars, or long term home loans usually do not have as big an impact on your credit score as unsecured revolving debt. Character
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