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Tagged : santa cruz home

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FICO score factors in your credit when you buy your Santa Cruz home

Saturday, November 28th, 2009 at 9:44pm. 292 Views, 0 Comments.

What factors go into determining your FICO score when you buy a Santa Cruz home?

Buying a Santa Cruz home, factors to consider in your credit

  • Payment History- this accounts for about 35% of your score.  Late payments on bills, such as mortgage payments, car loans, credit cards can all adversely affect you. Paying your bills on the agreed time will keep your score from being dinged. If you have a problem with a payment, contact the company directly to help avoid getting reported to the credit bureau.
  • Length of Credit History- 15% of you credit score is derived from how long you have had credit. The longer the better as long as it is in good standing. So if you have old credit cards or accounts, use them at times, but don't…

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