BUYER RESOURCES

Understanding Credit

What is my credit made of? The table below shows what factors are used to calculate your credit score, and the actions that affect them.

What is my credit made of? The table below shows what factors are used to calculate your credit score, and the actions that affect them.

Payment History

Make sure you have made your payments in full and on time.

Debt Utilization

How active your accounts are will effect this part of the credit score.

Length of Credit History

How long your accounts have been open. If you are going to close an account DO NOT close the oldest one.

New Credit

New applications for credit might cause you to 

be risky and lower your credit score.

© 2019 by Cook Mortgage. Financing provided by Answer Home Loans NMLS 1729528

6085 Douglas Blvd Ste 500, Granite Bay, CA 95746

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