Understanding Credit Scores
Your Path to Financial Empowerment
Welcome to Harvard Credit Solutions comprehensive guide to understanding credit scores. In today’s fast-paced business landscape, having a solid grasp of credit scores is crucial for achieving financial success and securing your business’s future. Whether you’re a startup founder or a seasoned entrepreneur, our guide will equip you with the knowledge you need to navigate the world of credit scores effectively.
Components of a Credit Score
Decoding the Details
Unraveling the complexities of credit scores, we break down the components that shape your score.
Payment History
Your financial track record, showcasing your commitment to meeting obligations.
Credit Utilization
The balance between your credit card limits and current balances.
Length of Credit History
The foundation built through years of financial responsibility.
Types of Credit
Demonstrating your ability to manage diverse credit types.
New Credit and Inquiries
Handling new credit applications with care.
Guiding You Through
Credit Scoring Models
Unraveling the complexities of credit scores, we break down the components that shape your score.
01
FICO Score
The gold standard, ranging from 300 to 850.
02
VantageScore
A modern approach also ranging from 300 to 850.
Partnering with Harvard Credit Your Catalyst for Change
Timely Payment: Consistent on-time payments as a pillar of financial stability.
Credit Balances: Maintaining a favorable credit utilization ratio.
Credit History Length: Establishing credibility through your credit history's duration.
Credit Mix: Navigating various credit types with prudence.
Recent Activity: Approaching new credit with a strategic mindset.
Beyond Credit Scores
Comprehensive Financial Health
We’re here to guide you beyond scores.
Financial Planning
Craft budgets for stability and growth.
Credit
Reports
Gain insights from comprehensive credit reports.
Cash Flow Mastery
Manage your cash flow strategically.