Many people think that all kinds of debts are created equal and as a result, they have equal weight on your credit score, but this is not true.
Many factors play a role when it comes to credit scores and how they are calculated. Credit scoring models take into consideration what debt you have and how much of it. Also, they consider how your installment debt.
When you understand which metrics matter most about your credit scores, you’ll be able to improve and maintain them. In this article, you’ll find the answers to your questions.