8 Things NOT Included
In Your Credit Score
1. Your age
• A 19 year old with good credit
has an equal opportunity to
qualify for a loan as an older
adult and vice-ver...
2. Your salary
• Whether you
make $15,000
per year or $1
million, it will
have no bearing
on your credit
score
3. Your employment status
• Even if you’re
unemployed, it won’t
affect the score lenders
receive
• However, lenders can
an...
4. Marital status
• As long as your joint
accounts are current,
your martial status
won’t affect your
credit score
• A com...
5. Your interest rates
• While it’s true that
high interest rates
are generally given
to high-risk
borrowers, the rates
ar...
6. Child support
• Any items
reported as child
or family
support
obligations don’t
affect your score
Flickr/ Paul Hamilton
7. “Soft” inquiries
• Checking your own credit
will not affect your score
• “Promotional inquiries”
are also soft inquirie...
8. Credit counseling
• If you seek credit counseling services, it will
not affect your credit score
www.stockmonkeys.com
Your credit card may soon
be completely worthless!
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8 Things NOT In Your Credit Score

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Here are 8 things that have no part in your credit score

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8 Things NOT In Your Credit Score

  1. 1. 8 Things NOT Included In Your Credit Score
  2. 2. 1. Your age • A 19 year old with good credit has an equal opportunity to qualify for a loan as an older adult and vice-versa • The same holds true for the elderly, and lenders may not age-discriminate – A 95-year old can qualify for a 30-year mortgage, just as easily as a younger person can Flickr/ Akash Kurdakar
  3. 3. 2. Your salary • Whether you make $15,000 per year or $1 million, it will have no bearing on your credit score
  4. 4. 3. Your employment status • Even if you’re unemployed, it won’t affect the score lenders receive • However, lenders can and will use employment information when making decisions, such as – Employed or not? – Length with employer – Salary – Employment history Chris Smith
  5. 5. 4. Marital status • As long as your joint accounts are current, your martial status won’t affect your credit score • A common misconception, any individual accounts will only affect the account holder’s credit score – You do not “inherit” your spouse’s credit problems Jasen Miller
  6. 6. 5. Your interest rates • While it’s true that high interest rates are generally given to high-risk borrowers, the rates are not factored into your credit score for future lending decisions Wikipedia/ Rammiefong
  7. 7. 6. Child support • Any items reported as child or family support obligations don’t affect your score Flickr/ Paul Hamilton
  8. 8. 7. “Soft” inquiries • Checking your own credit will not affect your score • “Promotional inquiries” are also soft inquiries – These are inquiries to “pre-qualify” you for credit offers • Administrative inquiries made by your current lenders to review your account also don’t count
  9. 9. 8. Credit counseling • If you seek credit counseling services, it will not affect your credit score www.stockmonkeys.com
  10. 10. Your credit card may soon be completely worthless!
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