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Understanding Your Credit Report

Understanding Your Credit Report

mortgage reports are different from consumer/auto reports.

score ranges

use middle score, and of two people

% of card usage        very critical

little loan balances can be killers   $25  $27…no loan for a year!

Don’t carry debt for your credit rating  $700 debt…pay if off

Student debt   amortized way too far.  $3,500  do $500/month     7 months done!  not 12 years!