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Hi, I'm Sienna from eHomes makeover minute. Today's minute isn't about making your home
look pretty but instead your credit score. Your payment history is the largest part of
your credit score because as we all know, history can often repeat itself. So make sure
you make every payment on time. Second on our list, is how much you owe vs.
your available credit. So don't close out "old" credit cards. Keep your credit limit
high and your ratios low. Third on our credit score makeover list is
credit history length. Experience matters to lenders just as it does to employers.
Number 4 is new credit. The more credit you apply for the worse your credit is going to
be. So don't apply for every credit card offer available to you.
To round up our list we have types of credit, things like mortgage and student loans are
considered better than credit cards this is because installment loans eventually go down
to zero where credit cards are likely to go up.
Visit us weekly for all the makeover tips and tricks I'm Sienna and this has been your
eHomes makeover minute.