Payment history is by far the most important factor of your credit report. It's essential to pay your bills on time, every single time. Any late payment is going to have a significant effect on credit scores. Your payment history accounts for about 35% of a credit score.
Utilization, which is the balance-to-limit ratio on your credit cards, is the second most important criteria. You never want a balance to be higher than 30 % of the credit limit on a single credit card or in total. To determine your utilization rate, add up all of your balances and all of your credit limits and divide the total of your balances by the total of your limits. That percentage should not be more than 30% as a maximum. The lower the percentages, the better. It's ideal to pay your balances in full each month. Length of credit history, which is based on the length of time each account has been open andyour credit mix, which is the different kinds of accounts you have including mortgage, credit cards, auto loans, etc. Having a variety of credit types can increase your score slightly, but you should not apply for a number of accounts all at once to try to improve this element. Doing so will do more harm than good because of the next element.
Recent activity looks at how much credit you've received or applied for in recent months. Specifically, it will look at if you have applied for new credit in the past 3-6 months, new inquiries, and whether you are paying off accounts or taking on more debt.
Overall capacity, such as how much installment debt is outstanding.
If you get a credit score, it will list the risk factors that are most affecting that number. You should focus on those factors and address those issues on the credit report and your scores will take care of themselves.
Hi. I am assuming you had a multiple choice question because of the way your sentence is written? The Domestic Policy is not a part of the U.S. foreign policy.
Hope this helps.
Take care,
Diana
During 1200-1450, Mali, a big empire in west Africa flourished. Timbuktu, a city in this empire had a huge library with tens of thousands of books. This library provided their empire a lot of wealth. During 1400-1750, during the Atlantic slave trade, millions of African people, mostly men and some women, were transported to South America via the Atlantic Ocean. The rulers of West Africa negotiated with European rulers to send off their Africans. In exchange, the Europeans gave them silver which boosted the wealth in their economy.
They are examples of discrimination.
