What makes up my credit score?

  • Payment history – 35%
  • Credit utilization – 30%
  • Length of credit history – 15%
  • Number of inquiries – 10%
  • Types of credit – 10%

What makes my credit score drop?    

– Maxed out credit cards

– Missed payments

– Negative items on your credit report (bankruptcy,  collections)

– Closing out credit card accounts

 – Paying off a loan

– Credit inquiries (pulls)

How can I establish good credit? 

  • Monitor your credit.
  • Keep your oldest, “good” line of credit open.
  • Make payments on time.
  • Pay more than the minimum.
  • Avoid large purchases when you plan to buy.


#1: A mix of accounts (student loans, credit cards, auto loans, mortgages, etc.) can show your financial strength. Be consistently smart and responsible with how you spend, manage, and balance your money.

#2: A good rule of thumb for credit utilization is to keep balances below 30% (using less than 30% of the available credit limit).

#3 A consistently higher utilization overall can lead to a higher debt-to-income ratio; it’s better to keep it lower on all credit cards and individual accounts to increase approval odds.

Always remember your credit history is unique to you! I am here to help you connect with the right lender(s) to help you become a NEW HOMEOWNER!