Posted on October 15, 2008 - Filed Under Payment History | Leave a Comment
One of the biggest way people ruin their FICO score is by paying late. This is a huge mistake. It ranks as one of the top negative factors you can have on your credit report. Well, besides bankruptcy, collections, or some other judgments against you.
So why is paying late considered so negative. If you were [...]
Posted on July 20, 2008 - Filed Under Payment History, improve credit score | Leave a Comment
This may seem as a simple way to improve your FICO score, paying your bills on time. In another post How Your FICO Score Works, you’ll find the large portion of your score is dedicated to your Payment History. That is why it is so important.
Late payments are always an indication of a [...]
Posted on July 13, 2008 - Filed Under Factors, Payment History | 2 Comments
Your payment history is one of the most important factors in determining your FICO Score. The reason is based on the idea if you pay your bills on time,you are less likely to default. For this reason, payment history makes up 35% of your FICO score.
There are three factors that your [...]