3d • General discussion
Day 1
How Credit Scores Are Actually Calculated
Most people have no idea how their credit score is built. Its a game you have to learn or pay cash for everything
Your score comes from five categories:
• Payment history – 35%
• Utilization – 30%
• Age of credit – 15%
• Mix of accounts – 10%
• New credit – 10%
Late payments kill your score
Using all of your credit kills your score
New credit damages your score (lowers history)
Having different accounts (installment, revolving, store, etc…) boosts your score
New credit inquiries damage your score
Too much uneducated folks on my TL
Don’t worry I got you
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Day 1
skool.com/fireyourboss
Leverage credit to buy back your time and live life on your own terms
Leaderboard (30-day)
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