Improve Your Score: What Factors Make up Your Fico Score

Improve Your Score: What Factors Make up Your Fico Score

Many often wonder what makes up their credit score. It’s calculated from different data in your credit report. There are 5 categories to focus on. 35% is made up of your payment history. 30% is made up of the amount owed. 15% is made up of your credit history. 10% is made up of new credit. 10% is made up of types of credit. It takes into consideration all of these factors. If someone hasn’t been using any credit for very long then it may be a little different. As a general rule this is how america’s credit score is determined. Their FICO score.

there is more about this like this:

Your score considers both positive and negative information in your credit report.
Late payments will lower your score, but establishing or re-establishing a good track record of making payments on time will raise your FICO credit score.

Your FICO score

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