Receives $780 from clients for services rendered.
I don't know how does this affect on what credit and it decrease or increase on what credit. Does anybody know?
To determine how receiving $780 from clients for services rendered affects your credit, we need to understand that credit is not directly impacted by receiving money from clients. Credit refers to your financial reputation and the ability to borrow money or obtain goods and services based on your past financial behavior.
Receiving $780 from clients for services rendered would be considered income. It is important to properly record and document this income for tax purposes and to keep track of your overall financial situation. However, it does not directly impact your credit score.
Credit scores are primarily influenced by factors such as payment history, credit utilization, length of credit history, new credit, and types of credit. Therefore, receiving money from clients would not directly increase or decrease any of these factors and, consequently, your credit score.
However, if you use this income to pay off existing debts or make timely payments on bills, it can indirectly benefit your credit by improving your payment history or reducing your credit utilization ratio, which measures the amount of credit you are using compared to your available credit.
Overall, while receiving income is an important aspect of personal finance, it does not directly impact your credit score. To improve your credit, it is advisable to focus on factors such as making payments on time, keeping credit utilization low, and maintaining a positive credit history.