How do i get my free credit report L.A.

I will discuss credit score calculations in general, and then address your question. Your credit rating is calculated based on several variables, including: 1) Payment history, which counts for approximately 35% of your score, is the most heavily weighted factor used in calculating your credit how do i get my free credit report L.A. score. Consistently paying your bills on how do i get my free credit report L.A. time has a positive influence on your score, while late or missed payments will hurt you in this area. If you have delinquent payments, the older the delinquency the less the negative impact on your score will be. Collection accounts and bankruptcy filings are also taken into consideration when analyzing your payment history.

2) Total debt and total available credit, which counts for about 30%. This section looks at how much debt you have compared to the total available how do i get my free credit report L.A. credit on your accounts.

If all of your accounts are maxed out, you will be considered a poor credit risk, because it appears that you are struggling to pay off the debt you have already incurred.

If your account balances are relatively low compared to your available credit, this part of the risk how do i get my free credit report L.A. analysis should help your overall credit score.

The score calculation also looks at these two factors independently.

Having too how do i get my free credit report L.A. much available credit, whether you have used how do i get my free credit report L.A. it or not, could hurt your credit score, as statistical studies have shown that people with excessive amounts of available credit are a higher credit risk. getting credit reports Unfortunately, the bureaus do not define exactly what they consider excessive, so best tip is to use credit conservatively and to keep your debt to credit limit how do i get my free credit report L.A. ratio low. 3) Length of positive credit history, which counts for about 15%. The longer you maintain accounts in how do i get my free credit report L.A. good standing, the better your score will be. This shows that you are able to make a long-term commitment to a creditor and are consistently responsible about making your payments. 4) Mix of types of credit, which counts for approximately how do i get my free credit report L.A. 10%. Having several different types of credit, such a credit cards, consumer loans, and secured debt, will have a positive influence on your credit score. Having too much of one type of credit how do i get my free credit report L.A. can have a negative impact. 5) Number of new credit applications you completed recently, which accounts for about 10% of how do i get my free credit report L.A. 3 score credit report your score. Applying for too much new credit in a short time period how do i get my free credit report L.A. makes indicates that you could be credit risk, as you may be desperately how do i get my free credit report L.A. trying to keep your head above water. The models make an exception for people who are shopping around for a loan, so if you are simply applying to see who can give you the best rate on a new loan, you need not worry too much about damaging your credit score.

As you can see that total debt in comparison to the total credit available has a weight of about 30% on your overall score. As you intend to use only a portion of the total available credit, it should not influence your score to that great an extent. Although you cannot realistically calculate your own credit score, you can review your how do i get my free credit report L.A. credit report for on the five factors I named above to get an how do i get my free credit report L.A. idea of whether the accounts listed how do i get my free credit report L.A. on your credit report are hurting or helping your credit score. You can then take action to improve any potential problems, such as paying down your balances or paying off collection items. Also, factors such as age, sex, income, and length of employment, have no direct affect how do i get my free credit report L.A. on your credit score, and are not considered when the bureaus calculate your score. one free credit report per year

Keep in mind that for most lenders, your credit score is only one aspect, albeit an important one, how do i get my free credit report L.A. of your overall credit worthiness, meaning the creditors view of your ability to repay a loan. Your income, for example, how do i get my free credit report L.A. is not considered in the calculation of how do i get my free credit report L.A. your FICO score, but most lenders how do i get my free credit report L.A. will ask you what you earn to analyze your ability to repay the loan.