Where Your Credit Score Comes From

It has been said that credit is the 8th wonder of the world.   In some ways it makes sense to categorize credit scoring as a mystery.  For example, why would someones score go down if they pay a credit card off?  Believe it or not, there is a very logical reason behind that!  As your Arizona Mortgage Lender I want to help you understand the mystery we call "your credit score." A credit score (when broken down into it's basic components) makes quite a bit of sense.  Understanding the dynamics … [Read more...]