⪼ Made with 💜 by Polyglot.
| Percentage | Factor |
|---|---|
| 35% | PAYMENT HISTORY |
| 30% | AMOUNT OF DEBT |
| 15% | LENGTH OF CREDIT HISTORY |
| 10% | NEW CREDIT |
| 10% | CREDIT MIX |
| 100% | TOTAL |
managing different types of credit successfully shows financial responsibility.
- AUTO LOANS
- CREDIT CARDS
- HOME MORTGAGES
- Installment Credit: This is a type of credit where you borrow a fixed amount of money and agree to make a series of payments over time until the amount is paid back in full. Each payment is called an installment. Examples include auto loans, student loans, and mortgages.
- Revolving Credit: This is a type of credit that automatically renews as debts are paid off. It gives you a maximum credit limit, and you can use up to that limit. You make payments based on the amount of credit you have used, and as you pay off the balance, you can borrow against it again. This is how credit cards and home equity lines of credit (HELOCs) work.
- KEEP YOUR CREDIT UTILIZATION RATIO UNDER 30%,
- OR BETTER YET, GET MORE CREDIT CARDS OR CALL THEM TO INCREASE YOUR CREDIT LIMITS
| Issue | Complaints | Percent Granted Relief |
|---|---|---|
| Incorrectly reinserted previously deleted information | 283 | 42.8% |
| Incorrect personal information on report | 310 | 34.5% |
| Public record information on report | 553 | 31.8% |
| Incorrect information about account status | 2,626 | 30.6% |
| Incorrect information about account terms | 884 | 30.2% |
| Problem with statement of dispute | 637 | 28.1% |
| Credit information is not mine | 1,856 | 27.1% |
| Problem getting report or credit score | 553 | 26.4% |
| Problem with fraud alerts | 132 | 25.0% |
| No notice of company investigation status/result | 500 | 24.4% |
| Inadequate help over the phone | 126 | 23.8% |
| Company's investigation took too long | 177 | 23.7% |
| Report improperly shared by credit reporting agency | 469 | 14.3% |