When you think of a credit score, what comes to mind?

 

Is it a singular system used to grade your creditworthiness or a thousands of sets of complex algorithms created by hundreds of companies?

 

The answer doesn’t really matter because just about every credit scoring formula focuses on 5 main components of your credit report in order to calculate your credit scores.

 

So let’s go over them and see what your credit score is made of.

 

Payment History – 35% of your Credit Scores
How well you pay your bills on time.

 

Utilization Rate – 30% of your Credit Scores
The amount of available credit you have at your disposal.

 

Length of Credit History – 15% of your Credit Scores
The average length your active accounts have been open.

 

Mix of Credit – 10% of your Credit Scores
Your utilization of both installment and revolving loans.

 

New Credit / Inquiries – 10% of your Credit Scores
Your applications for credit.

 

CreditFirm.net works on improving your credit scores by working on improving these 5 factors in your credit reports.

Why Choose CreditFirm.net?

Assurance. Our Credit Repair process was developed by experienced attorneys.

Speed. Documents are typically processed and sent out for investigation within 3-5 days.

Support. Award-winning customer service guarantees your satisfaction.