HOMES
HOMES
OUR VALLEY SANTA CLARITA
Turn Your Credit Score Around Faster Than You Ever Thought !
Mariness Chata , Broker www . marinesschata . com
A good credit score opens doors to incredibly low interest rates , credit card offers , rental homes and other enticing offers . A low credit score can cause a lot of headache and disappointment when we are forced to pay astronomical interest rates on car and credit card loans and even worse , when it stops us from buying a home . Whether it ' s a fair scale or not , we depend on it in our daily lives ; therefore , here are some easy and simple ways to get a hold of how it works and how you can improve it !
1 . Range of Scores :
• 730-830 = A + or Platinum
• 680-729 = A
• 640-679 = B
• 600-639 = C
• 550-599 = D
• 549 & Below = E
2 . What Makes Up Your Credit Score ?
• 35 % = Payment History ( I . e . on-time or delinquencies )
• 30 % = Amount Owed
• 15 % = Length of Credit
• 10 % = New Credit ( new inquiries and new accounts )
• 10 % = Type of Credit ( installment X revolving )
Thinking about buying or selling a home ? Interest rates are still very low and property values are up--allowing you to make the move you have been waiting for . Call or text me at any time . I am never too busy for you !
Mariness Chata & Associates ( 661 ) 317-3332 MarinessChata @ outlook . com www . MarinessChata . com 24307 Magic Mountain Pkwy
# 313 , Valencia Ca 91355
3 . What Actions Will Hurt Your Score ?
• Missing payments
• Maxing out credit cards
• Shopping from credit excessively
• Opening up numerous accounts in a short time frame
• Having more revolving debts in relation to installment debts
• Closing credit cards out
• Borrowing from finance companies
4 . Can You Improve Your Score ?
• Pay off or pay down on your credit cards
• Do not normally close credit cards ( exceptions to bad credit cards )
• Move your revolving debt into a installment debt
• Make payments on time
• Slow down on opening new accounts
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