your credit score

your credit score is made up of a myriad of factors. A few of these are:

1. How long your accounts have been open

2. Recency and number of credit applications

3. The number of inquiries attached to your credit report

4. The "mix" of your various credit accounts (house, car, credit card, lines of credit)

5. How long you've lived at your current address

6. How long you've work at your current job

7. Judgments, tax liens, bankruptcies, and other adverse information reported in public records

In summary, your credit scores tell companies how well you are managing your financial life. They, in turn, make decisions about their risk and your trustworthiness. High credit scores can open doors to just about anything you want, while low scores create huge hurdles that are hard to climb over.

If you are willing to take control of your financial future instead of leaving it to chance, all it takes is a little knowledge about the "do's" and "don'ts" of the credit system. Repairing your credit takes a lot of time and effort. Using the right knowledge to make good credit moves in advance, is so much easier and so much more rewarding!