Buying tradelines can be a great move towards improving your credit situation and live the life of your dreams. But for this, you must know enough about your credit score. The whole point of buying a tradeline revolves around your credit score. Hence, to ensure you are on the right path, you should know what it is and what components go into it.  

In brief, your credit score is a three-digit number, which signifies your creditworthiness to the lender. Each credit bureau or credit enhancement agency has its own score and method for determining that score.  

On establishing a credit history, your score will vary between 300 - 850. The higher your score, the more creditworthy your history is. Numerous factors go into determining a score. Here’s the percentage makeup of the elements that make up your credit score:

· 35% comes from your on-time payment record. A single delayed or missed payment can have a significant impact on your credit score.

· Next 30% comes from your utilization. It is usually calculated by dividing the total amount of your debt by the total amount of credit available to you. As per the credit bureau you choose, they may consider the utilization of individual accounts, your overall utilization across all credit accounts, or both.

· Further, 15% comes from your credit score length. This includes the average age of your accounts and also the age of your oldest account.

· The next 10% comes from the mix of your credit accounts. Often lenders want to see a variety of accounts on your credit report including revolving credit (such as credit cards), property-secured loans (typically a mortgage), and instalment loans (such as auto loans).

· The remaining 10% comes from new credit accounts. Recently, if you’ve applied for or opened multiple loans or lines of credit, this can be an indication that you’re in some form of financial risk.

We understand your dilemma of how complicated all this is for you to comprehend and make a move. But it’s all okay. With Priority Tradelines, you no longer need to worry about your credit score.