A lot of people celebrate because an app shows them a 700 credit score.
But every 700 is not the same.
One person may have a 700 with:
• 10 years of credit history
• Several open accounts
• Low balances
• Strong payment history
Another person may have a 700 with:
• Only 1 credit card
• 6 months of history
• No installment account
• A very thin credit profile
Both people may have the same score, but banks may view them differently.
Your goal is not only to build a high score.
Your goal is to build a strong credit profile.
Today’s action step: Count how many open and active accounts you currently have.
Inside the paid community, we teach you how to build a profile that looks stronger to lenders.
Comment PROFILE after checking your accounts.