Tag: credit score
Credit score is one of the most important factors when applying for a mortgage loan. Basically, the credit score is a number between 350 and 850, calculated using a complex mathematical model composed of several indicators taken from the borrower’s credit history, outstanding debts, etc. Higher credit scores represent borrowers with less risk. This credit score infographic by Mortgage Kick presents the most important factors and shares excellent tips on how you can keep a high credit score to get approved for a mortgage.
Are you applying for a credit card or mortgage? Is your credit score holding you back? Check out these top tips from MoneySupermarket and see if they can increase your chances of being approved.
Your credit scores is essentially a summary of how well you pay your bills, how likely you are to pay loans back, and how much credit you can receive.This Infographic provides details on what can affect your credit score positively or negatively.