Credit building – 5 factors that influence your credit score

Recently I attended a seminar from a company called debt medic https://debtmedic.ca/

In that seminar, they shared many things, and one of those was the five factors that influence your credit score. 

1. 35% payment history
2. 30% amounts owed – if you owe a lot, this is negative.
3. 15% length of credit history – if you have older cards – use them as it helps. 
4. 10% New credit – if not always looking for credit is positive
5. 10% credit mix (different types of debt)

Look, you can succeed in and find financial success. This is what I do, come alongside you to coach, find solutions to help you reach your financial goals.