Here’s a brief article that gives some understanding to how lenders may be looking at your credit report…
Secrets to help you manage your credit
By Jennifer Waters, MarketWatch
CHICAGO (MarketWatch) — A happy consequence of this Great Recession is that Americans are widely expected to be better consumers.
That means we’ll only take on loans that we can afford, pay off credit-card debt at the end of each month and sock money away. It also means our credit scores will reach what the industry calls super prime, the top score achievable.
Help on student loans
If you’re struggling with steep student-loan payments, you may be able to reduce your monthly bill and eventually get your debt forgiven through the federal Income-Based Repayment Program. MarketWatch’s Andrea Coombes reports…
Focus on your report
The most important information in your credit report is your bill-paying history. It bears repeating: Pay your bills on time every single month. A whopping 35% of your FICO credit score is tied to that payment history…
The truth about your credit limit
Most credit experts, including the credit bureaus, will advise you to keep your credit utilization under 30% of the total limit…
read more here Marketwatch.com
