How many points are your late payments costing you?

Okay Guys…. Time for a little math. Credit Scores range from 300 to 850. This means that there are 550 points that you can either gain or lose. (850-300=550) I hope you guys are still with me.
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Payment History accounts for 35% of your credit score. Why? Glad you asked! They want their money ON TIME! Plain and simple
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So what does this mean? Well lets do the numbers.>> (550*.35=192.5). That means that your payment history has direct effect on 192.5 points. That means that if you were to lose all points in this category coming from a perfect score you would drop from an 850 to a 658. Big difference right?
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Paying your bills on time not only helps your score, but it saves you money. A 10 point increase in your credit would save you $100,000 in interest on a 30 year mortgage for 500,000. Either way you look at it…. Late Payments Cost You. 

If you are interested in affordable credit management and restoration, allow Credible Concepts to assist you.  We have one of the best programs available simply because you only pay for results! Shoot us an email at credit@credibleconcepts.com or give us a call at 1-888-610-5366 today!

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