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How Payment History Affects Your Credit Score

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Payment history is the most important factor in your credit score, accounting for 35%.

While making payments on time is crucial, it's not the only factor that affects your score.

Having few accounts can make your score more vulnerable to damage from late payments.

It is important to understand the late payment reporting window.

Speaker Derek Vogel encourages viewers to manage their payments carefully and promises to discuss credit cards in more detail in part two.

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