Helping Your Credit Score

Ever wonder how your credit score is calculated? Well, it’s really not all that complicated. In this article, you will learn the five factors that determine your credit score as well as the weight that each of them carries. These five factors are: payment history, overall account balances, credit history, types of credit and inquiries. After reading this article, you won’t be able to calculate your score because there are complex algorithms used to compute your credit score; however, if you can understand the underlying factors that contribute to your credit, then you can learn the best strategies for boosting your score upward.