Courtesy of Bobbie Holt, REALTOR®

Five Factors that Decide Your Credit Score

Scores range between 200 and 800. Scores above 620 are considered desirable for obtaining a mortgage. These factors will affect your score.

Your Payment History. Whether you paid credit card obligations on time

How Much You Owe. Owing a great deal of money on numerous accounts can indicate that you are overextended.

The Length of Your Credit History. In general the longer the better.

How Much New Credit You Have. New credit, either installment payments or new credit cards, are considered more risky, even if you pay promptly.

The Types of Credit You Use. Generally, it’s desirable to have more than one type of credit—installment loans, credit cards, and a mortgage, for example.

For more on evaluating and understanding your credit score, go to http://www.myfico.com/?lpid=NARI3.

www.REALTOR.org/realtormag Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS® . Copyright 2003. All rights reserved.


Contact Information

Coastal Signature Properties Bobbie Holt, Broker
Coastal Signature Properties
4731 North A1A
Vero Beach, Florida 32963

Phone: 772-538-9093
E-mail: Click here / Website: REALESTATEOFVEROBEACH.COM


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The information on this Website comes in part from the Broker Reciprocity Program (BR Program) of Realtors Association of Indian River County. Many of these properties are listed with brokerage firms other than Coastal Signature Properties, LLC. and are indicated as such. The source of this information is copyrighted and proprietary (Copyright 2008 Realtors Association of Indian River County and all rights are reserved). The accuracy of this information is not warranted or guaranteed and should be independently verified prior to relying on such information.