By looking at the above picture you can see what makes up your fico or credit score
we are only going to focus on two colors Blue and Yellow The blue color which is 35% of your credit score is the payment history. what that means is how good have you been in paying your debt. the longer your payment history is the better your score will be. i you have 20 years of good payment history then creditors will be very happy to extend to your all types of credit. Just make sure that you don't get any late payments. Even one late payment can affect your credit score by 20-70 points The yellow color which is 15% of your credit score is the length of credit. what that means is how long you had your credit account. the longer you have an account the more aged it is and the more it impacts your credit score. you want to have as much age on your credit as you can so that creditors will see that you are credit worthy and would want to extend credit to you. So if you have a lot of years on some of your credit accounts and you don't want to use them just stop using and but don't close the accounts becasue that will hurt your credit score. If you don't have any aged accounts you and always piggy back on someone's good credit and their good credit will show on your credit report with the good payment history and the length of credit. If you don't have anyone that can let you borrow their good credit you can use a company like us www.qualitytradelines.com and we can add you to some of the 900 trade lines that we have and increase your credit score as well. A great example of a trade line that has long payment history and Length of credit is our : us bank $21500 trade line account it is 20 years old and has 20 years off perfect payment history as well. By adding a trade line with that high off a limit and that amount of years will give you a credit boost of 70-120 points You can visit www.qualitytradelines.com or give us a call at 323 776 6424 and see how we can affect 50% of your credit score
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QUALITY TRADE LINES
WE PROVIDE TRADE LINES & HELP YOU GET FUNDING WITH CREDIT CARDS AND LINES OF CREDIT Archives
June 2019
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