Credit Rating Factors | Negative Impact | Positive Impact |
Little or No Credit History | X | |
On Time Debt Payments | X | |
Excessive Existing Debt | X | |
Filing for Bankruptcy | X | |
High Amount of Available Credit | X | |
Having a Long-Standing Credit Account (< 8 years) | X | |
Late or Missed Payments | X | |
Foreclosures or Repossessions | X |
Credit Score Breakdown | ||
Excellent | 750 & Above | |
Good | 700-749 | |
Fair | 650-699 | |
Poor | 550-649 | |
Bad | 550 & Below | |
*data pulled from creditsesame.com |