09/28/2018
Credit Tip:
1. How Our Bill Paying Habits Impact Our Credit Score
✅ Our payment history is approximately 35% of our credit score. This percentage represents whether we pay 💰 our bills on time.
✅ Current late payments are worse than having a two year old bankruptcy; they could negatively impact your credit score over 💯 points.
✅ There are different types of late payments; some effect us more significantly. Our credit score is deeply impacted when we don’t make a mortgage payment 💰. It’s important to pay in a timely manner; but being late on a credit card 💳 or an installment loan won’t hurt you as bad as not paying your mortgage.
2. What should you do if you have an account that is past due⁉️
✅ Contact the creditor and verify the accurate balance due. Account balances are typically not correct on your credit file.
www.united-credit.org