Garland Texas Credit Repair – 10 Factors That Effect and Determine Your Credit Score

Garland Texas Credit Repair: How to Repair Bad Credit?

Did you know that more than 80% of people have some type of credit card debt? I think that it’s very common that most of us owe money to the bank and it’s common that we don’t realize that it is possible to repair our credit score.

Credit is the bank account of the future, and you can’t buy anything without paying your bills. And if you don’t pay the monthly amount, then you will be charged penalties. So, it’s important that you control your spending and keep an eye on the bill payments.

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One thing you have to remember is that your credit score can change in any moment and for any reason. Therefore, it is very important that you keep your credit scores up-to-date so that you know exactly what they are and how they are affected by anything that goes on. If you are planning to buy a house, car, or get a new job, you have to know your credit score.

A credit score is the number that represents your credit status. It is a complex formula that includes all the information that you have provided to the credit bureaus. This score has the power to take you to the best deals, loan,s or any credit card.

What Are The Factors That Will Influence Your Credit Score?

Let’s see what factors determine your credit score:

Credit Score

It is the number that represents your financial position. You will find the credit score by filling out the form and by providing information about your credit card, loans and current accounts.

The History Of Your Payments:

Your credit score depends on your past credit history. The information that you provide in the credit report is used by lenders to check whether you are a reliable customer or not.

The Number Of Accounts:

The more you have, the better the score. The number of accounts influences your score and the bigger the amount that you owe, the lower the score is.

Inflated Credit Card Debt:

There is no doubt that if you are having debt, it will make you fall in debt again. Inflated credit card debt will make you not eligible for the loan.

The Credit Utilization Ratio:

The amount that you use of the available credit is the key to your credit score. The higher the credit utilization rate, the lower the score is.

The Length Of Your Credit History

A longer credit history means better. The longer you have been using your credit card, the higher the score is.

Your Debt-To-Income Ratio:

If you have a higher income, then it’s better to pay the minimum amount that you owe and not to pay all your balance. If you don’t make enough money, then it is not possible to pay the minimum amount.

Type of accounts:

The type of accounts that you have will affect the interest rates and your credit score.


If you have filed for bankruptcy, then it will also affect your credit score.

Current Balance:

This is the number that will tell you how much money you have left in your account. If you have a high balance then it will affect your score.


In conclusion, TheSE 10 factors that determine your credit score are not just limited to the information that you have provided. Your identity, types of accounts, credit utilization, and credit history are also important. So, you should pay attention to these factors and ensure that your credit report is well maintained.