WHY IS MY CREDIT SCORE SO LOW?

HERE ARE SOME QUESTIONS YOU SHOULD ASK YOURSELF….

  1. Am I making on time payments?-(timely payments makes up 35% of your credit score)
  2. Am i using more than 30% of my total credit limit with all my credit cards together?-( your credit ratio usage makes up 30% of your credit score)
  3.  Am I using more than 30% of any one credit card?-(your usage is also calculated per individual cc usage)
  4. Am I allowing my credit cards to age?-(the average age of your credit cards makes up 15% of your credit score)
  5. Am I opening many new credit cards?-(this will affect the average age of your credit cards)
  6. Am I applying for many lines of credit at the same time?-(every hard inquiry on your credit report can minus 15 points from your credit score)
  7. Do I have diversified credit accounts?-(lenders want to see that you can handle all sorts of credit, credit cards personal loans etc…
  8. Do I have more than 1 credit card?-(you should have 3-5 credit cards)
  9. Do I have more than 6 credit cards?-(to many lines of credit could hurt your credit score
  • If you can positively answer these 9  question’s then your credit score should be in very good standing
  • If unfortunately  you can’t answer the questions above positively and your credit score is in bad condition,then check out doctor credit’s tip’s to boost your credit score in 30 days
  • If you are a beginner,learn how to climb the ladder to getting the perfect credit score with doctor credit

( If you have any questions join our  Whats app or Telegram group for Q & A on all  credit related question’s)