воскресенье, 6 ноября 2016 г.

5 Factors that Hurt Your Credit [Infographic]

5 Factors that Hurt Your Credit [Infographic]


5 Factors that Hurt Your Credit [Infographic]


[Via: FreeScore.com credit score]


What Hurts Your Credit?


To get the best business loan, good credit plays a big role. Sometimes it seems like your credit score, or how it’s determined anyway, comes from some mystic, unseen force. Here are 5 factors that can really affect your score:


RELATED: Building Business Credit


Foreclosure


You can lose 85 to 105 points if your credit score is bad. If your credit score is good, you can lose 140-160 points.


Bankruptcy


Similar numbers here to foreclosure. You can lose 85 to 105 points if your credit score is bad. If your credit score is good, you can lose 140-160 points.


Debt Settlement


If you have a bad credit score, you can lose 45-65 points. With a good credit score, you’ll likely lose 140-160 points off your score.


Missed Credit Card Payment


You’ll likely lose 60-80 points if your credit is bad, and 90-110 with a good score.


Maxing Out a Credit Card


With a bad credit score to begin with, you’ll lose 10-30 points and 25-45 points will be shed off if you have a good score.


Other Factors that Hurt Your Credit


Bad debt-to-credit ratio, closing old accounts, applying for multiple loans or credit cards, blowing off your bills entirely.


Other Stats About Americans and Debt


64% of American adults have not ordered a copy of their credit report in the last year, 37% of American adults admit that they do not know their credit score, 13 is the average number of credit obligations that today’s consumer has and 9 of these are likely to be credit cards.


The Best and Worst States’ Credit Scores


Texas has the worst credit score in the country with an average of 670, and Minnesota has the best scores with an average of 721. Interestingly, according to the numbers in the above graphic, northern states have better credit scores than the southern half of the country.


Original article and pictures take http://www.lendio.com/blog/hurts-credit-infographic/ site

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