
A number of factors affect credit scores. Your payment history and credit utilization rate are two of these factors. These factors are crucial in determining your credit score. There are several things you can do to improve your credit score, including paying down credit card debt. Also, you can look at your payment record. It is one the most important components of credit reports.
Credit reports that contain negative information
Negative information is one of many factors that can affect your credit score. Lenders take into account a variety of factors in determining your credit score. These include your current income, your length of residence at the current address, and any loans you have taken out. You might consider working to remove any negative items from your credit report.
Any negative information on credit can impact your score. However most of this information will fade over time. Negative information includes bankruptcies as well as late payments and collection accounts. These items may be visible on your credit reports for seven to ten year and could make it difficult or impossible to get credit. Most negative items will fade after seven years and bankruptcy information after ten.

To dispute negative credit reports, you have several options. The first step to dispute negative credit information is to contact the credit agency that reported it. The credit bureau should respond within one month. To confirm that the negative information was removed from your credit report, you may request a second copy. If this fails to resolve your issue, you may consider hiring credit repair companies to assist you.
Payment history
Many factors affect your credit score, but the most important one is your payment history. Your payment history records when you made and missed repayments on your debts. You can have a great payment history and make or break your chances at getting a loan.
Credit scores will fall if you are late on a payment. A positive payment history and good credit score will be achieved if all payments are made on time. Your score can be affected by many other factors, but this one is the most important. Here are some examples to show how your payment history affects your credit score.
Credit bureaus compile credit information, including judgments and late payments. They use this information to create a detailed report of your credit history. This payment history profile contains a rating of each month. Your credit score can be negatively affected for many years by negative information.

Credit utilization rate
Credit utilization rate (CUR), one of the main factors in determining credit scores, is one. This percentage indicates how much of your credit is being used. It can either be per-account or an overall figure. Your credit utilization rate is lower the more credit you have. To calculate your CUR, you need to know your total revolving credit balance and the amount of debt you have on each of your credit cards.
Calculating your credit utilization is done by taking the total amount of outstanding debt and dividing it with the available credit. You want to keep your credit utilization as low and manageable as possible. However, you shouldn't exceed your credit limit on any account. Late payments can damage your credit score and credit utilization may lead to excessive credit utilization.