Top Surprising Factors That Affect Your Credit Score
You may have heard that your credit score is a big factor in your ability to get a mortgage, car loans, and other loan products. But what do you know about the other factors that affect your credit score? Here are top surprising factors that could impact your credit score: Payment history Payment history refers to a record of all payments made by an individual or organization towards a specific account or financial obligation over a period of time. This record can include details such as the amount paid, the date of payment, and any outstanding balances. In the context of credit reporting, payment history is a crucial factor that lenders and credit bureaus use to determine an individual's creditworthiness. A positive payment history, where payments are made on time and in full, can help build a good credit score , while a negative payment history, where payments are missed or made late, can damage a credit score and make it harder to obtain credit in the future. It is important f