Credit Score Basics
Your credit score can range from 300 to 850
300 - 620 621 - 700 701 - 760
761 - 850
A variety of factors make up your credit score
Three bureaus pull three different scores:
Length of Credit History
Equifax®
Payment History
35%
15%
Experian®
10%
Types of Debt
TransUnion®
10%
Mortgage lenders use the middle score.
New Credit
Debt
30%
Different financial decisions can positively or negatively impact your credit score:
30% credit utilization
Secured credit cards
RyanHomes can offer loans for credit scores as low as 580
On-time payments
New Purchases
Unpaid debt
Closing lines of credit
5
This graphic is for educational puposes. The material provided is not intended to provide legal, investment, or financial advice or to indicate the availability or suitability of any NVR product or service to your unique circumstances. For specific advice about your unique circumstances, you may wish to consult a qualified professional.
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