If my credit history is only two years old, how does it affect my approval chances?

In addition to your credit score, lenders take many factors into consideration, such as length of employment and income, when determining loan approval and interest rates. A young credit history shouldn’t be an issue if you have a strong payment history and high grades in other factors. You can learn more about your credit score and the different components by logging into your free Credit Sesame account. If you don’t have a Credit Sesame account yet, consider signing up to stay on top of your credit.