That have a low credit history are tricky, as well as in for the last might have required you to definitely homeownership try out-of brand new desk. Luckily, this will be no more real.

What’s a credit score?

Your credit score lies in your debt-government background . It’s a listing of the method that you has managed their borrowing from the bank and you will repaid your own costs. The better new score, the greater. The specific issues that foundation into the FICO get:

• Your own fee records: For those who have outstanding account or later and you may overlooked payments, these may harm your credit score. That is an important factor in your credit history, bookkeeping to possess 35% from it.
• Public information: If you have bankruptcies otherwise public record information show up on your credit file, they’re going to adversely effect your own get.
• Length of credit rating: If you have only just began their credit trip, you have got a minimal credit history.