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How Is Your Credit Is Actually Calculated And How To Improve Your Credit Score

Hi,
How is your Credit Calculated, and How to Improve your Credit Score?
Please look at how different factors can affect your credit score and pro tips on improving it.
➡️ Items that affect your credit score include:
Your payment history (35%) - Pay all your bills on time and for the total monthly amount. You can get your student loans into good standing and lower your monthly payments based on your finances. Monthly payments can be as low as $0, and these $0 payments will still count as a whole, one-time payment.
➡️ The amount of money you owe (30%) - Keep your credit card balance under 30% of your total limit, as this can lower your credit score.
➡️ The length of your credit history (15%) - Lenders look at how long you’ve had a credit history by taking the average age of all your accounts - the longer your record, the better your credit score.
➡️ Types of credit you’ve used (10%) - A diverse mix of credit types, including student loans, credit cards, mortgages, etc., will help improve your credit score.
➡️ Your pursuit of new credit (10%) - Limit the hard inquiries you make. Applying for multiple stores or credit cards will negatively impact your credit score as they pull a tricky question for every application.

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Reviews

"Ron has amazing insight into the financial and real estate markets."

doug waldman

"Great services. Communicative , well educated and was very helpful overall. Highly recommend"

samantha dalby

"Looking forward to partnering with Ron for our community event (Open House on June 23rd, 2024) at American Legion Post 132!"

diana trujillo

"Ron is a stand up man! He is always available to help and is a wealth of knowledge in the lending world. Genuine and honest and hardworking! Thank you for your help over many many years!"

gilda johnson

"Be wary of who you do business with. A quick google search will show that Ron will promote contempt in a community and he is not interested in doing as he says. He recently made fun of the victims of mass shootings in his “orange county buzz” facebook group and should not be allowed to do business if he is going to promote hatred. Ron’s response below highlights his ignorance. If you disagree even politely with him he will try to shut you down instead of being a reasonable human being. Again - further proof that he should not be doing business in a community where he does not promote anything other than hate and discontent in it."

matt ward

"Ron Siegel and his staff did a tremendous job. I used Ron and his team to refinance my primary residence several times, to secure financing for a new home that I later refinanced and for the refinance of a rental property. Ron Siegel and his team made the process seamless each time."

scott smith

"Ron was very professional, courteous, and answered all our questions in a timely manner. I would highly recommend him. Thanks Ron!"

f coleman

"Ron was available day and night , 7 days a week . He was very detail oriented and very thorough with his answers to my many questions thru the process of my loans. I would highly recommend him."

matthew holcomb