Friday, 18 April 2014

5 Things That Won't Hurt Your Credit Score

Most people believe that issues such as overdraft or alimony can hurt their overall credit. But this is just a mere myth. Here we provide a list of five things that won’t hurt your credit.

Overdraft facility from your bank won’t really hurt your credit score, if you settle the payments on time. But if you don’t then your score will probably take a hit.

Most people believe that insurance premiums can hurt their credit score. But this is just a myth! Even though your insurance premiums are used for making decisions when it comes to credit lending, most companies don’t discuss or report your timely and untimely payments to the lender. A number of companies offer subprime loans even if you don’t make timely payments to insurance company.

Of course, income is one of the determining factors for credit lending, but it wouldn’t affect your score. Having a higher or lower salary doesn’t necessarily affect your score. However, it would influence the amount of loan you will receive later.

Child Support
 Alimony and child support isn’t going to affect your score unless a collection agency isn’t involved. Otherwise, your score can drop significantly.  Still, a number of companies offer subprime loans after assessing risk profile through certain credit calculators.

Interest Rate
Higher or lower rate of interest on your loans doesn’t affect your scoring. Instead, it is vice versa with score determining the rate of interest for your loan.

We at Fortiva Financial offer credit assessing multiple score profiles and data. For more information, visit the website:-


  1. Well, confusion is always there about the factors, calculating credit score. There are several factors discussed about the credit score, but only a few of these are used in the calculation. The post is nice and very useful to let people know about the less important elements which are not considered to calculate the overall score. As the factors are shared here, loan applicants must not focus towards these points, but others must valued more. For more information about credit score and personal loan visit

  2. Well-Explain Well-Thinking and brilliant twist in message on how to think about free credit report topic! Awesome post, Leslie!..>

  3. In the event that you are paying every one of your advances and charge card bills on time your report will be good.

  4. Pretty! It was really a wonderful blog. Thanks for the provided information.

  5. Nice one here is just something that may add on to your content check it once -