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Unformatted text preview: How late was the payment? How recent? How much? How many? Amount owed on all accounts Balance on accounts Utilization ratios Less than 30% Don’t want to be over 50% Should you close accounts? How long have the accounts been maintained? Keep the oldest account open Are the cards being utilized? Stagnant, paid off cards are not used in credit score calculations. Opening too many cards or taking on too much debt in a short period of time Don’t open credit cards for the sign-up rewards Inquiries can be counted as a negative Your personal requests are NOT counted against you Score can improve as credit history improves Healthy mix of credit Mixture of credit card types Experience and maintenance of credit cards and installment loans 2-3 cards MAX...
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- Fall '10
- Credit card, credit score, car loans, Fair Isaac