The FACTS About Your Credit

Important information about your credit

As an adult almost everything you do revolves around your credit.  Your ability to purchase a home, a car, a big screen TV.  It also affects your insurance rates, renting your apartment and even getting a job.  Heck, besides marrying my wife for her sheer inner and outer beauty, the next biggest thing that attracted me to her was her credit.  YES, that’s right!!!  It was that important she handled her finances how I did and was one of the first questions I asked her.  We laugh about it now but it caused a definite stir in the beginning.  So lets talk about credit.

First there are 5 things that are factored into the algorithm used to calculate credit.  They are:

* Payment history
* Amounts owed
* Length of credit history
* New credit
* Type of credit used