#5 Our "Pillars of Good Credit" - a podcast by Dj Hen, Tala & Guests

Our 6 pillars of Good Credit.  Eventually we''ll add on to it if we feel the need. But these are 6 good pillars to start off with.

1. Pay your payments on time. This is 35% of your credit score. The most percentage of your score.

2. Keep your utilization or "usage" of credit below 30% of total credit allowed per month. This is 30% of your credit score.

3. Use your credit cards ONLY for stuff you already pay for. Gas, groceries, bills etc. 

4. Have long history of credit. Don't close accounts. Length or history of having credit is 15% of your credit score.

5. Have a mix of credit. Credit cards, Auto loans, Home loans, bank loans. This is 10% of you score

6. Don't have too many inquiries on your report. This is 10% of your score. 

Link to your free annual credit report. https://www.annualcreditreport.com/index.action


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