Friday, 08/31/2018 — Blog Home   Contact

What to Know About Credit Scores

 

What You Should Know About Credit Scores

Credit scores range between 200 and 850, with scores above 620 considered desirable for obtaining a mortgage. The following factors affect your score:

Your payment history.
Did you pay your credit card bills on time? Bankruptcy filing, liens, and collection activity also affect your history.

How much you owe and where.
If you owe a great deal of money on numerous accounts, it can indicate that you are overextended. However, spreading debt among several accounts can help you avoid approaching the maximum on any individual credit line.

The length of your credit history.
In general, the longer an account has been open, the better.

How much new credit you have.
New credit—whether in the form of installment plans or new credit cards—is considered more risky, even if you pay down the debt promptly.

The types of credit you use.
Generally, it’s desirable to have more than one type of credit—such as installment loans, credit cards, and a mortgage.

Browse more than 1,900 single family homes currently For Sale in Bucks County. To arrange private showings, call the John McClintock Team today.

Thinking of selling your Bucks County home?
Before you list your home for sale, call the John McClintock Team at 267‑759‑9518 for no obligation recommendations on pricing and an overview of our comprehensive marketing package that includes:



Newtown (Bucks County) PA 18940
Direct: 267‑759‑9518
Broker: 215-860-4200 x518

john mcclintock

John McClintock
Realtor®
CNE

kerry mcclintock

Kerry McClintock
Realtor®
Home Stager

david fleig

David Fleig
Realtor®
SRS, ABR, CNE

grace cass

Grace Cass
Realtor®

Copyright © 2018, John McClintock
Information is deemed reliable though not guaranteed.