Credit Scores
Credit Scores
§§ Information can come from different credit §§ How long you’ve had those accounts
reporting sources. §§ How close you are to your credit limit
§§ How much credit you have left
For example, your credit card score could be different
from your home loan score, and the scores you §§ How often your payments have been late
purchase online could be different from both of those. §§ Other factors
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Protection Bureau Learn more at consumerfinance.gov. 1 of 2
§§ A long credit history will help your score. Credit §§ Accounts you closed that are listed as open.
scores are based on experience over time. Your
§§ The same item showing up more than once (like
score will improve the longer you have credit,
an unpaid debt).
open different types of accounts, and pay back
what you owe on time.
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Protection Bureau Learn more at consumerfinance.gov. 2 of 2