Most people know their credit score is an important factor in securing a
mortgage, auto loan or even an apartment. They also know that missing a
credit card or loan payment can damage their score. However, there are
other lesser-known facts that could make or break that three-digit
“Nothing affects your financial health more than your credit score,”
said Michael Sullivan, a personal finance consultant with Take Charge
America, a national
nonprofit credit counseling and debt management agency. “But there’s
a lot of mystery surrounding credit scores, including how scores
increase or decrease.”
Sullivan sheds light on eight surprising facts about your credit score:
For more tips or information about credit counseling, budgeting, debt
relief or student loans, visit takechargeamerica.org
or call (866) 528-0588.
About Take Charge America, Inc.
Founded in 1987, Take Charge America, Inc. is a nonprofit agency
offering financial education and counseling services including credit
counseling, debt management, student loan counseling, housing counseling
and bankruptcy counseling. It has helped more than 1.6 million consumers
nationwide manage their personal finances and debts. To learn more,
or call (888) 822-9193.
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