We all try hard to increase our credit score. Credit scoring model are complex and often vary among different creditors and for different types of credit.
Even a single factor can change your credit score, but your credit improvement is generally depends on how that factor relates to your considered by the model. Only creditor can explain which factor might improve your score under the particular model used to evaluate your credit score.
Your credit scoring models generally evaluate the following types of information in your credit report.
1) Your payment history typically is a significant factor. Have you paid your bills on time? It is likely that if you pay your bills late, had any account referred to collection, or declared to bankrupt if that history is reflected on your credit report it will affect negatively on your credit score.
2) Many credit scoring evaluate the amount of debts you have compared to your credit limits. What is your outstanding debt? If your outstanding debt is close to your credit limit, it is likely to have a negative affect on your credit score.
3) Many models consider the length of your credit track record. How...
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