Your Credit Score: What Matters, What Doesn’t

Almost 60 percent of people don't know what determines a credit score, according to Visa. Here, the factors people think matter — but don't — and five that really do.

from Reader's Digest | February 2012
Your Credit Score: What Matters, What Doesn’t© iStockphoto/Thinkstock

Almost 60 percent of people don’t know what determines a credit score, according to Visa. Below, the top five factors people think matter — but don’t — and five that really do.

WHAT DOESN’T MATTER WHAT DOES MATTER
Employment history Paying on time
Interest rates on debt Amounts you owe
Assets/savings How long you’ve had credit
Age New accounts and credit checks
Where you live The number and type of accounts

Become more interesting every week!

Get our Read Up newsletter

Sending Message
how we use your e-mail

  • Your Comments

    blog comments powered by Disqus