Most of us cannot cut a check to buy a house or a car. Instead, we rely on financing. A healthy credit score is often the golden ticket to getting a loan, but many people face credit challenges. In fact, nearly 56 percent of consumers have subprime credit scores, according to the CFED 2015 Assets and Opportunity Scorecard.
Different factors determine your credit score, and it probably comes as no shock that late payments are a credit-score killer. But payment history alone does not make or break your score. Other factors also play a key role in credit scoring.
