Learning the basics of finance can be intimidating– whether you’re a fresh-face high school grad, or a 30-something who relies solely on credit cards. Therefore, the concept of a credit score can be confusing to some. Even the most money-savvy of us probably don’t know exactly what can affect it and what doesn’t. You’re just told: Pay your bills on time and don’t max out any cards. But what else can hurt it? What DOESN’T hurt it? This post by Guy Contaldi at My City Real Estate Guy is extremely helpful. Here are a few things that do NOT affect your credit score:
-How much money you make.
-Whether or not you have a job
-How much money you have in the bank.
-Whether or not you resolve a balance.
-Whether or not your home is underwater.