Don’t Be Late, Automate!

Your creditworthiness is determined by numerous factors. These factors account for a certain percentage of your credit score. PAYING YOUR BILLS ON TIME HOLD THE MOST WEIGHT! Let me explain:

  • Payment History 35%
  • Amount Owed 30%
  • Length Of Credit History 15%
  • Types Of Credit 10%
  • Inquiries (New Credit) 10%

TOTAL 100%



            This is 35% of your credit score. Simply put: Do you pay your bills on time?

Credit reporting Agencies, CRAs, determine the percentage of time you pay your bills ON TIME. That is why late payments are so damaging to credit scores. In fact, late payments, not collections, are the number one reason for low credit scores.


If a bill is due on the fifth of the month, try to pay it by the first so that you will not forget. A better way to go is to AUTOMATE your payments. Set up automatic payments for all of your credit cards on one SPECIFIC day, if possible. Call each credit card (bank, credit union, etc. Look on the back of the card for the number) and Say, “I want to set up automatic payments on the 1st, 15th, 30th (choose a date you are comfortable with). Also can I change my payment due date to this date so that my payments will always be on time?” Before that CREDIT CARD PAY DAY approaches make sure you have enough money in the account to pay at least the minimum due on the card. Pay the minimum due on the card each month ON TIME every month.


ALWAYS, ALWAYS PAY YOUR BILLS ON TIME! Payment History holds the most weight when it comes to calculating your credit score.


For more Credit Education, contact @ms750fico on Instagram or text 646-894-7796 or call 866-241-3049 or email



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