The credit score is affected by the amount of the mortgage?

Deal Score0

Your credit score will be lower if your mortgage is higher and is lower if your mortgage is lower? It will also take the same on your credit score if you are the co-signer for a loan? Thank you,

1 Comment
  1. Reply
    SPIFMAN 2.0
    January 25, 2011 at 1:27 am

    nope

    your score is base on the following
    -payment history approx 35%
    -amount owed on credit cards approx 30%
    -Lenght of credit approx 15%
    -Type of credit approx 10%
    -New credit (inquires) approx 10%

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