NOFFIO Credit Management

NOFFIO Credit Management is here to help you have control once for all over credit. To have complete financial independence, you must control your credit. It plays a crucial role in our society even if you do not recognize it, 

Your Credit Score

Your credit score helps lenders decide how likely you are to repay your debts and play a significant role in securing a mortgage. Scores range from 300 – 850 points and are based on:

• Your payment history and ability to repay your debts on time. Late payments will lower your credit score.
• The amount of total debt you owe, including credit cards, student loans, and car loans. If your credit cards are at their limits, this can lower your credit score - even if the amount you owe is not large.
• How long you have used credit and how you have managed it. If you show a pattern of managing your credit wisely, keeping credit card balances low, and paying your bills on time, your credit score will be positively affected.
• How often you apply for new credit and take on new debt.  If you have applied for several credit cards simultaneously, your credit score can go down.
• The types of credit you currently use, including credit cards, retail accounts, installment loans, finance company account, and mortgage.

Generally, the higher your credit score is, more options will be available to you, including a lower interest rate.

The average credit score is 725. If your score is below 725, you can still get a loan. However, you will not have as many options, and your rate will be higher. If your score is in the low 600s, we encourage you to reach out to us today for a free consultation  to start rebuilding your credit.