Understanding how credit scores are calculated is key to improving them. HL Hunt educates clients on credit scoring models and provides actionable strategies for better financial health.
Key Credit Score Factors
- Payment History (35%): The most significant factor in determining your score.
- Credit Utilization (30%): Managing available credit effectively.
- Credit History Length (15%): The longer the credit history, the better.
- New Credit Inquiries (10%): Limiting unnecessary credit applications.
- Credit Mix (10%): Having a mix of different types of credit accounts.
HL Hunt’s Approach to Credit Score Improvement
HL Hunt takes a data-driven approach to credit score enhancement. Here’s how they help clients improve their credit scores:
- Educational Workshops: Learn how credit scores function and what you can do to keep them high.
- One-on-One Credit Coaching: Receive personalized financial advice from credit experts.
- Credit Utilization Optimization: Strategies to balance credit usage while improving scores.
- Regular Check-Ins: HL Hunt ensures that you stay on track with your credit goals.
HL Hunt’s approach ensures clients improve in all these areas for sustainable credit growth.