Significant Factors that Effect your Credit Score

     The following credit score information was published and provided by on August 21, 2003.

     Paying your bills on time is the single most important contributor to a good score. Even if the debt you owe is a small amount, it is crucial that you make payments on time. In addition, you may want to minimize outstanding debt, avoid overextending yourself and applying for credit needlessly.

     Applications for credit show up as inquiries on your credit report, indicating to lenders that you may be taking on new debt. You may want to use the credit you already have to prove your ongoing ability to manage credit responsibly.

     If you do have negative information on your credit report, such as late payments, a public record item (e.g., bankruptcy), or too many inquiries, your best strategy may be to pay your bills and wait. Time is often your best ally in improving credit. (, 8/21/03)

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