How Are Credit Scores Calculated?
No Fear Cooking
English - April 26, 2021 10:30 - 6 minutes - 4.81 MBMusic History Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Last week we figured out what exactly a credit score is. This week we're talking about how a credit score is calculated. There are five different factors that go into calculating a credit score and I cover all five in this episode. Each category has a different weight that goes into determining your credit score. Some might account for up to 35% of your score while others only account for 10%. Next week we're going to look at raising your credit score. If you know how it is calculated, you can accurately analyze why your credit score is low. Or, if you are just establishing your credit score, you'll know what categories you really need to focus on. Enjoy this episode and let me know what you think!
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