Friday, August 30, 2024

Evan Fletcher Atlanta | The Basics of Credit Scores

Credit scores are numerical ratings that assess an individual's or business's creditworthiness based on their credit history. The scores typically range from 300 to 850, with higher scores indicating better credit health. The primary factors influencing credit scores include payment history, credit utilization, length of credit history, types of credit accounts, and recent credit inquiries.

Payment history is the most significant factor, accounting for about 35% of the score as emphasized by entrepreneurs like Evan Fletcher Atlanta. It reflects how reliably an individual or business has met their financial obligations. Credit utilization, which constitutes 30% of the score, measures the ratio of current credit balances to total credit limits. A lower ratio is generally favorable. Understanding these basics is crucial for entrepreneurs aiming to optimize their credit scores and, consequently, their access to capital.

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Evan Fletcher Georgia | The Importance of Market Analysis

Market analysis is an essential component of entrepreneurial success. It involves gathering and interpreting data regarding market trends, c...