Financial Literacy Week | Improving you to definitely lower credit score
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Forehead, Tx – There isn’t any convenient cure for say this but fico scores number and no number just what your is actually, it could be used due to the fact an expression, or very first impression so to speak, of who you really are.
“Fico scores are not just to find credit, a lot of people have no idea that businesses explore borrowing from the bank to help you display screen applicants otherwise lease leases,” Lourdes Zuniga, brand new Executive Director off Financial Wellness Routes advised 6 Information.
April are Economic Literacy Month and you can predicated on Zuniga, Texas positions 43 out-of fifty when you look at the monetary literacy, some thing she believes we could all the increase to the.
According to InCharge, a low-profit obligations selection company, credit ratings depend on multiple activities that will be an analytical formula that have varying quantities of impression.
- Payment record– Counts because thirty five% of one’s rating. It’s an eye on your own debts if in case you create money. Around three terminology away from recommendations: Pay. Continue Reading