Your credit score is a crucial factor in determining your financial health and access to credit. However, many people don’t fully understand how credit scores work or what factors influence them. In this post, we’ll dive into the basics of credit scores and provide insights on how to maintain a healthy credit profile. A credit score is a three-digit number that represents your creditworthiness. It’s calculated based on your credit history, including payment history, credit utilization, length of credit history, and types of credit used. Scores typically range from 300 to 850, with higher scores indicating lower credit risk. Factors that can negatively impact your credit score include:

• Late or missed payments
• High credit card balances
• Applying for too much credit at once
• Errors on your credit report

To maintain a healthy credit score, it’s essential to:

• Pay your bills on time
• Keep your credit card balances low
• Limit credit applications
• Monitor your credit report regularly for errors or fraudulent activity

If you notice inaccuracies on your credit report, it’s crucial to dispute them promptly. Our credit repair services at Eagle Consultancy can help you navigate the process and improve your credit score. Remember, building and maintaining a good credit score takes time and consistency. By understanding the factors that influence your credit and taking proactive steps to manage it, you’ll be well-positioned to achieve your financial goals.