The 5 Credit Score Factors and How To Improve Your Scores

#credit

Are you going to be making a move soon? Or buy a new car? Or do you want to get pre-approved for a home down the road? With those questions comes a very important one, do you have any idea what your credit score is? Or how it's formed? Now-a-days, it is extremely important to know what your credit score is as having a high credit score can save you thousands of dollars over time. If you find yourself in a position where your credit score isn't the highest or you're just starting out, this video will help break down the top 5 credit score factors, everything that goes into it and how to improve that credit score.

00:00 - Introduction
01:17 - Top 5 Credit Score Factors
03:46 - Installment vs Revolving Debt
04:46 - How does having different accounts affect my score?
05:40 - Can service accounts affect my credit score?
07:51 - What can hurt my credit scores?
09:35 - How do I improve my credit score?
17:41 - What if I don't have a credit score?
19:13 - Closing