ABOUT YOUR CREDIT SCORE

Paying your bills on time does not automatically raise your credit score. It is only 35% of the total points. Carrying a balance is not always good if it is more than 15% of your overall limit. HR cannot see your credit score, only your credit report. Only lenders have access to your score. Short sales and foreclosures have the same effect on your score. Bankruptcies stain your score for 7 years, but your score improves as the item gets older.