How your Personal Credit Score Helps Generate Capital

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How your Personal Credit Score Helps Generate Capital
(presented by www.refinance-refinance.net - mortgage lenders)

By David�Gass

Generating capital for your business is highly dependent on your personal credit score. Your Payment History makes up 35% of your entire personal credit score. The other key indicators that make up your credit score are Length of Credit History, New Credit, Types of Credit Used, and Amounts Owed. The percentage breakdown of each in relationship to your personal credit score is as follows:

Payment History 35%
Amounts Owed 30%
Length of Credit History 15%
New Credit 10%
Types of Credit 10%

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Each of these areas has specific items associated with it to determine that percentage of your personal credit score. The 30% of your score associated with Amounts Owed is made up of:
Amounts Owed

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This entry was posted on Wednesday, April 19th, 2006 at 5:21 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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