It measures how much credit a borrower uses in comparison to how much total available credit that person might have.
3. Credit History Length (15%): The longer the credit history, the better.
4. Credit Mix (10%): Having both revolving and instalment credits, for example, credit cards, mortgages, and instalment loans is good.
It measures how much credit a borrower uses in comparison to how much total available credit that person might have.
3. Credit History Length (15%): The longer the credit history, the better.
4. Credit Mix (10%): Having both revolving and instalment credits, for example, credit cards, mortgages, and instalment loans is good.