Revolving accounts
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Installment Loans and Credit Scores
- August 25, 2020
- Posted by: Mindy Leisure Director of Rescoring Services
- Category: News
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One Simple Mistake That Can Drop Your Credit Score
- July 5, 2018
- Posted by: Mindy Leisure Director of Rescoring Services
- Category: News
There are many obvious actions that can cause a credit score to drop such as making late payments, maxing out a credit card, etc. But there is one seemingly innocent action that you’ve probably never thought of that could drop a credit score by 20 or 30 points. It may seem like a harmless thing
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Revolving Accounts – What You Need To Know
- August 31, 2017
- Posted by: Joel Firestone (G-Net Consulting)
- Category: News
Revolving balances play an important role in your credit score calculation. The total of your revolving debt makes up about 30% of your credit score. Balances on installment loans don’t have any where near the impact on credit scores as revolving balances do. While having a revolving balance or two can help your credit scores,