1. Presented By: Carrie Smith

2. Creator of www.carefulcents.comfor SpringCoins blog Contributor (www.springcoin.com/blog) Blogger for Huffington Post 3. Understanding& improving your credit score Using credit cards responsibly Debt Relief Options 4. What is a credit score? Ranges from 300-850 Most common type of score: FICO (3) Major Credit Reporting Agencies: Equifax Transunion Experian 5. 5 Factors that Determine Your Credit ScorePayment History (35%)Amounts Owed (30%)Length of Credit History(15%)New Credit (10%)Credit Mix (10%) 6. Whats your track record? Do you have a proven track record of paying your bills on time? What factors into your payment history? Public Records/Collections Bankruptcy Liens Judgments Missed Payments How late were they? (30, 60, 90+ days late) A 30 day late payment that just happened a month ago will have more weight than a 90 day late payment that happened two years ago. 7. Ruleof thumb is to utilize