The Top Credit Misconceptions

Your credit score is not just determined by how much you have paid back or failed to pay, there are other components that also affect this rating. Your credit score will consist of the following components.

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TIME TO INCREASE YOUR CREDIT SCORE

You might think you have to make a lot of mistakes before there is a significant effect on your credit score but you are completely wrong. Your credit score can take a hit within a few months.

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YOUR INCOME MATTERS

Your income does not have any impact on your credit score. It’s not about how much money you make but more about how well you manage the money. A person who makes only $3,000 a month can have a better credit score than a person making $10,000 every month by managing their finances well.

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REPAIRING YOUR CREDIT SCORE ON YOUR OWN

Yes, credit repair companies charge you for their services, but keep in mind that their services are invaluable. A lot of the things your credit repair company will do can be done on your own but who will tell you what you have to do?

You don’t want to go on a “hit and a miss” spree with your credit score. A professional repair company can do things within days that you will complete in months. They save you time and can look into things that you might not be aware of. Credit Repair Oklahoma City company can help you today!