(603) 267-7292 Office
       (603) 520-8082 Cell
       (603) 724-2609 Fax




500-559: very risky - need to work on improving your rating
560-619: risky - you will have trouble borrowing
620-674: Sub-prime - may qualify but higher interest
675-699: average - you will qualify for most
700-719: very good - qualifies a person for favorable terms
720-850: excellent - best score range and best terms

5 FACTORS That Decide Your Credit Score:

1. Your payment history. Whether you paid credit card obligations on time.
2. How much you owe. Owing a great deal of money on numerous accounts can indicate that you are over-extended.
3. The length of your credit history. In general, the longer the better.
4. How much new credit you have. New credit, either installment payments or new credit cards, are considered more risky, even if you pay promptly.
5. The types of credit you use. Generally, it is 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 www.myfico.com.

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