Credit Scores Explained in One Easy-To-Read Chart

January 28, 2010 by Danilo Bogdanovic  
Filed under Mortgage/Lending

Ever wonder why your credit (aka FICO) score is what it is? Do you think it’s lower than it should be especially since you’ve never had anything repossessed nor ever been foreclosed on? Well, here’s an easy-to-read chart explaining how not paying your credit card bills on time can effect your credit score (click chart to enlarge)…

credit-score-chart1

(courtesy of SpendOnLife.com via AgentGenius.com)

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7 Comments on "Credit Scores Explained in One Easy-To-Read Chart"

  1. Kaylee Lopez on Tue, 11th May 2010 3:38 pm 

    My credit score last year got lower because i have some unpaid bills on my credit card company and i also lost my job.-~’

  2. Alexandra Gibson on Tue, 25th May 2010 3:00 pm 

    i am not a fan of having credits and getting credits cards.,.”

  3. Grace Brown on Thu, 12th Aug 2010 2:02 pm 

    in this times of economic recession, sometimes it is difficult to have a great credit score”,

  4. Jasmine Ward on Sun, 10th Oct 2010 1:19 pm 

    as much as possible i also mantain a good credit record so that i can do business transactions with ease,,~

  5. Decking Kits ยท on Mon, 8th Nov 2010 9:10 am 

    it is quite easy to get a good credit score specially if you know how to micromanage your finances ~

  6. Danilo Bogdanovic on Fri, 12th Nov 2010 12:19 pm 

    Or have a great accountant :)

  7. Kitchen Canisters on Sun, 12th Dec 2010 2:31 pm 

    we may always need to do some credit specially if we weant to invest on something ;*;

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