After 6 months of mortgage payments, how lots points will my credit step?
Answers:
Not true. There is not a certain number but some debt like Mortgages and auto loans are consider virtuous debts. This will not decrease your scores much if you preserve your revolving credit lines low and continue to pay ALL your bills in good time.
It may not. People do not realize that your credit score is basedby a few factor.
1. the amount of debt you carry 30%
2. The payment history 35%
3. Length of credit 15%
4. Kind of credit 10%
5. credit history 10%
So if your mortage added a significant amount of debt to your cross your score could have gone down a bit.
Kourtnie Donihoo
Debt analyst
The E.D.A. Group
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