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www.TheCreditTutor.com
“Break Free of the Credit
Trap”©
Is Your Credit Score Hurting You?
Your Credit Score AffectsMortgage Rate Credit Cards
Auto Insurance Student Loan
Employment Apartment Rental
Car Payments Utilities
What Is a Credit Score?• Are you credit worthy?
• Do you pay your bills on time?
• Do you know your FICO Score?
Key Factors That Affect Your FICO Score
• 35% = Payment History
• 30% = Debt Ratio
• 15% = Length of Credit History
• 10% = Type of Credit
• 10% = Number of Credit Inquiries
Main Credit Reporting Agencies
Equifax
Experian
TransUnion
5 Credit Myths1. Credit Agencies Are Governmental Agencies2. Credit Agencies Are Required to Keep
Derogatory Information for 7-10 Years3. Information On Your Credit Report Can Not
Be Changed4. Bad Credit Can Not Be Restored5. Credit Repair Companies Are A Scam
According to the Government Accountability Office
80-90% of credit reports have SERIOUS ERRORS on them
For FREE Copies of Your Credit Reports go to:
www.AnnualCreditReport.com
Ways to Manage and Improve Your Credit Score
• Keep your debt-to-available credit ratio at around 25%.
• Pay your bills before the due date and keep your inquiries low.
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“Our Destiny is not Written for Us, but by Us.” -President Barrack Obama
WWW.TheCreditTutor.com
“Break Free of the Credit
Trap”©
