Understanding Your Credit

Knowledge Is Power When It Comes to Credit

Your credit score is more than just a number—it’s a snapshot of your financial habits and history. It influences whether you get approved for loans, what interest rates you receive, and even how much you pay for insurance. At First Choice Auditors, we help you understand your credit profile so you can make more informed decisions and avoid costly mistakes.

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What Makes Up Your Credit Score?

Credit scores are typically calculated based on five core factors:

35%

Payment History

30%

Credit Utilization

15%

Length of Credit History

10%

New Credit Inquiries

10%

Credit Mix

When your credit card balances are high relative to your credit limit, your score may suffer. And when minimum payments are missed, the damage can increase quickly. But the good news is that it can be reversed.

How Credit Card Relief Impacts Your Score

Entering a structured relief program can have mixed short-term impacts on your score, depending on your credit profile. However, for many of our clients, the ability to stop digging deeper into credit card debt outweighs the short-term impact.

Over time, successfully managing your relief plan can:

These are all positive signals to credit bureaus.

Ready to see your options?

Book a free credit review with our team today.

Rebuilding After High Balances

Credit improvement isn’t just about paying down debt—it’s also about building new habits. That’s why we include guidance and education as part of our program.

We help you:

Your State, Your Score

Each state has different average credit scores and trends. For example: