Rent-To-Own Monthly Tip
Do you know what's affecting your credit score? Here are some factors:
1. Maximum Debt Ratio - be sure to stay below 50% of your available credit. For example, if you have a $5000 Visa, never spend over $2500. This makes up about 30% of your score.
2. Credit Pull Frequency - be aware of who is pulling your credit - and how frequently. Some companies will pull your credit several times when searching for financing. This makes up about 10% of your score.
3. On Time Payments - although this may seem redundant, don't underestimate the importance of this. This factor makes up about 30% of your score.