We recently posted a new credit education presentation on slideshare called: Understanding Credit Scoring.

Get a detailed overview of factors that determine a credit score – and to what extent. Factors include time at present residence, lines of revolving credit, bank accounts.  The bottom line is as follows…

Secrets to a High Credit Score

• Don’t move too often, buy a house and stay there =)
• Avoid derogatory credit at all costs
• Maintain a unused balance between 0-15% and do not go above 30%
• Maintain 1-2 lines of revolving credit
• Open and keep a credit card and department store card
• Open and keep a checking account AND a savings account
• Keep your debt ratio below 15%

I removed the embedded presentation because it was slowing down the site a bit. To view it — which of course i highly recommend to anyone who doesn’t understand how a credit score is determined– simply go to http://www.slideshare.net/badcreditchannel/credit-score-rating-factors