“I pay my bills on time, but don’t have good credit.”
Paying Bills On Time DOES NOT mean you have GOOD CREDIT.
Why? Because paying your bills on time – your payment history, only accounts for 35% of your overall credit score! So just because you pay on time, doesn’t mean you will have good credit. You can make all your payments on time and still have very low credit scores! Understanding what accounts for the rest of your credit score is the next step to becoming “credit savvy.”
How Credit Card Balances Affect Credit Scores
This is crazy, right!?
Watch the video to learn about the other factors that make up your credit score, so you know how to ensure that you will have great credit. If you pay your bills on time, this is a great first step. We will teach you the remaining steps to ensure that you have good credit.
Have more questions about building and maintaining good credit?
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