That Decide Credit Score
scores range between 200 and 800. Scores above 620
are considered desirable for obtaining a mortgage.
These factors will affect your score.
payment history. Whether you paid credit card
obligations on time.
much you owe. Owing a great deal of money on
numerous accounts can indicate that you are
length of your credit history. In general, the
longer the better.
much new credit you have. New credit, either
installment payments or new credit cards, are
considered more risky, even if you pay
types of credit you use. Generally, it’s
desirable to have more than one type of
credit—installment loans, credit cards, and
a mortgage, for example.
more on evaluating and understanding your credit
score, go to http://www.myfico.com/?lpid=NARI3.