What Can Affect My Score?
Your FICO score is a "snapshot" of your credit history at a given point in time, and can
change based on the factors that make up your credit score.
- Late Payments - Pay your bills
on time and if you have missed a payment,
get current.
- Credit History- When you payoff a debt or collection,
or close an account, the
credit reference still remains on your credit report for a minimum of seven years.
- High Balances - Keep outstanding balances low
on credit cards and other
"revolving" accounts
- New Credit - If you have been managing credit
for a short time, don't open
a
lot of new accounts.
Equal Housing Lender. New Source Financial is a division of Metrocities Mortgage, LLC, a Delaware limited liability company, licensed by the California Department of Corporations under the California Residential Mortgage Lending Act. Information is subject to change without notice. This is not an offer for extension of credit or a commitment to lend.