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Buying a Home in Colorado Springs, manage your most valuable asset! Part V
Colorado Springs Vintage Homes is happy to feature another great article
on Managing Your Credit Score – Part V
Anza Goodbar, President of Clearview Mortgage
For a free Buyers Guide, Email Kathy Torline at KTorline@msn.com
Previous Posts by Anza:
- Tips for Colorado Springs Consumers – what is identify theft?
- Want to buy a home in Colorado Springs, manage your most valuable asset!
- Buying a Home in Colorado Springs, manage your most valuable asset! Part II
- Buying a Home in Colorado Springs, manage your most valuable asset! Part III
- Buying a Home in Colorado Springs, manage your most valuable asset! Part IV
- Buying a Home in Colorado Springs, manage your most valuable asset! Part V
Your Credit and You!
Let’s take a look at the final category that impacts your credit; the type of credit you use.
Types of Credit Used:
While this area has a lesser impact on your credit score, it is still important. The credit reporting formula is complex and takes many factors into consideration when calculating your score. It looks at the types of credit you have, the number of accounts you have and the mix of accounts.
There are two basic types of credit:
- Revolving
- Installment
Revolving credit is a credit card, a retail account Read the rest of this entry »
