Tag Archives: credit score categories

Credit Score Components

by wade young on 06. Aug, 2008 in Mortgage News

Sometimes it’s good to get back to basics. Credit score plays a huge role in the real estate business, yet a lot of real estate professionals don’t know much about it. There are five components to credit score:
1. Payment History — 35%
2. Amount Owed — 30%
3. Length of History — 15%
4. New Credit — 10%
5. [...]

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