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These 5 Factors Determine Your Credit Score

By John Maxfield - Updated Feb 15, 2017 at 11:38AM

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How are credit scores determined? The answer is much simpler than you might think, as there are only five factors that influence the calculation.

No credit score is too high. Whether yours is 550 or 790, there's always room for improvement. But how does one go about raising it?

The answer is much simpler than you might think. This is because credit scores don't materialize out of thin air. There's rhyme and reason to them.

By uncovering how your credit score is calculated, you tilt the odds of a great score in your favor. That is, you can make the process work for you, as opposed to against you.

So how is your credit score determined? As I discuss in the following presentation, there are five things that influence the calculation. As a result, all you have to do is master these five simple variables in order to achieve an exceptional score.

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