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How Credit Scores Are Built & Improved - Part Four
Manage episode 455221540 series 3576016
Konten disediakan oleh The Credit Pros. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh The Credit Pros atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
Understanding FICO credit scores is crucial for financial success. Scores are based on 5 categories, with 'Mix of Credit' and 'New Credit' each contributing 10%. A diverse mix of credit, including installment and revolving accounts, suggests lower risk to lenders. Closed accounts, both positive and negative, can impact one's credit score for up to 10 years or 7 years, respectively.
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