Most consumers track their credit score without knowing what actually drives it. π
The 5 factors behind every credit score:
βοΈ Payment history β biggest weight
βοΈ Credit utilization β how much you owe vs. limits
βοΈ Length of credit history β older is better
βοΈ Credit mix β variety of account types
βοΈ New inquiries β recent credit applications
For credit repair professionals β educating clients on these factors is not optional. It is what separates trusted advisors from one-dimensional dispute services.
Credit education is not a courtesy. It is a business strategy. π‘