What factors affect my credit rating?

Your credit rating is affected by a number of different factors, some obvious and others few consumers are aware of. The following factors are discussed below:
  • Whether you have a credit card or use another person's credit card
  • Whether you have a bank checking or savings account
  • Where you live
  • Your age
  • Your debt-income ratio
  • Whether you have declared bankruptcy or have had "charge-offs" to your account
  • Whether you are delinquent in any child support payments
  • Whether you have "too much" credit available
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