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

 

Is it a singular system used to grade your creditworthiness or 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.