Wednesday, September 17, 2008

Beacon Scores Explained ... part 3

Today's post in our continuing series on the components that make up your Equifax Beacon Score is on "Current Debts"

Score Weighting: 30%

Notes: Considers how much you currently owe (in absolute terms and compared with your credit limits), how many creditors you owe money to, and how much you could owe if you maxed all your available credit.

Check back for our next posting in this continuing series - look forward to seeing you again soon.

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