Blog by DOINA BIOLAN B.Comm

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PAYMENT HISTORY IMPORTANCE ON YOUR CREDIT SCORE

Building a perfect credit score should be what we all aim for, giving the fact that a good credit history will help us secure loans such as: mortgages, car loans, credit card, student loans etc.

The most important part in building your credit history is the PAYMENT HISTORY. This counts for 35% of your Beacon score.

The credit agency( such as Equifax, Transunion etc) look for it are:
-account payment information
-presence of adverse public records or collection records
-severity of deliqunecy
-number of past due items
-date of recent collection, public records and past due
-amount past due on deliquent or collection amounts

Basically, the most important thing is to pay all your trade lines, in full, and before the due date.

For more information you can contact me at 403-613-2205.