How do timely rental payments affect a credit score?

Answer Paying your bills on time is one of the most important factors in determining your credit score. Some companies allow consumers to build a good credit rating through rent and utility payments, acco... Read More »

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How much do late payments affect a credit score?

Your payment history accounts for 35 percent of your total credit score, and recent late payments will have more of a negative impact on your score than older ones.Source:Your Credit Score: How It ... Read More »

Will closing a credit card account affect my credit score?

Closing a zero-balance credit card account can negatively impact a credit score. This is because a credit score is based in part on the debt to available credit ratio. Therefore, when a zero-balanc... Read More »

Does having too many credit cards affect a credit score?

On One Hand: Number of Cards Has No ImpactThe number of credit cards that an individual has does not affect his credit score. Having several credit cards can improve your credit score if you have s... Read More »

Does going over a credit limit affect a credit score?

Yes. Going over your credit limit can lower your credit score because it increases the amount you owe. Credit-scoring formulas reward low balances with higher scores and penalize people who carry h... Read More »